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https://t.co/FgkwFOUN9u eyes $1.5b in senior notes offering https://t.co/hzbMvIbWak
https://t.co/IYA4U13sNP is issuing $1.5 billion of bonds that are due in 2029 and can be converted into the Chinese e-commerce retailer’s equity https://t.co/N2y0hI9aee
$JD announces a proposed offering of $1.5B in convertible senior notes due 2029. The company intends to use the proceeds to repurchase shares and expand its overseas business.
JD.com has announced a proposed offering of $1.5 billion in convertible senior notes due 2029. The Chinese e-commerce giant intends to use the proceeds to repurchase shares and expand its overseas business. These bonds can be converted into the company's equity. Following the announcement, JD.com shares fell by over 5% in the US pre-market session.