JD.com plans a $1.5B convertible bond offering in 2029, the largest by an Asian firm this year, with proceeds for share buybacks, overseas expansion, supply chain improvement, and other purposes.
JD.com plans to raise $1.5 billion through 2029 convertible bonds, offering notes at a coupon of up to 0.25%. This deal is set to be the largest convertible sale by an Asian firm this year. The company plans to use the proceeds for share repurchases, overseas expansion, supply chain improvements, and other purposes. Bank of America, Goldman Sachs, Haitong Securities, and UBS Group are the bookrunners.
May 21, 2024
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