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JD Aims to Raise $1.5 Billion Through 2029 Convertible Bonds

Posted on AllSides May 21st, 2024
From The Left Inc. is issuing $1.5 billion of bonds that are due in 2029 and can be converted into the Chinese e-commerce retailer’s equity.

The Hong Kong and New York-listed company is offering the notes at a coupon of up to 0.25%, according to terms of the deal obtained by Bloomberg News. There’s an over-allotment option to increase the sale by $225 million.

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