Tag: Convertible

MicroStrategy Proposes $500M Convertible Notes to Boost Bitcoin Stash

MicroStrategy proposes $500 million debt sale to boost BTC stash. The Nasdaq-listed firm currently holds 214,400 BTC. Nasdaq-listed business intelligence firm and bitcoin holder MicroStrategy (MSTR) announced Thursday that it intends to offer $500 million aggregate principal amount of convertible senior notes due 2032, proceeds of which will be used to acquire additional bitcoin and […]

Alibaba Issues $4.5 Billion of Convertible Debt to Fund Buybacks

(Bloomberg) — Alibaba Group Holding Ltd. sold $4.5 billion worth of convertible bonds in one of the largest such offerings in recent years, as the company looks to buyback more shares and invest in its businesses. Most Read from Bloomberg The Hangzhou-based company priced the seven-year notes, due 2031, with a coupon of 0.5% and […]

Alibaba Is Considering Convertible Bond Sale, Following JD.com

(Bloomberg) — Alibaba Group Holding Ltd. is considering selling convertible bonds to raise about $5 billion, people familiar with the matter said, following a $1.75 billion offering by rival Chinese online retailer JD.com Inc. this week. Most Read from Bloomberg Alibaba has spoken with investment banks about selling bonds that can be converted into US-listed […]