NIO offers to repurchase bonds in 2025, as its Firefly sub-brand gains over 100,000 users in 72 hours.

NIO Inc., a Chinese electric vehicle company, has informed holders of its 0.50% Convertible Senior Notes due in 2027 that they can require the company to repurchase their notes on February 1, 2025. The repurchase window opens on December 30, 2024, and closes on January 30, 2025. Meanwhile, NIO's sub-brand Firefly has seen strong early adoption, with over 100,000 user registrations within 72 hours of its mobile app launch.

3 months ago
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