日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

Chinese online video platform iQIYI issues convertible bonds to raise over $1b

Xinhua | Updated: 2019-03-28 17:25
Share
Share - WeChat
IQIYI, online entertainment service provider. [Photo/IC]

NEW YORK - China's leading online entertainment company iQIYI announced the pricing of its proposed offering of convertible bonds, worth $1.05 billion in total and with a tenor of 6 years, on late Tuesday night.

With an interest rate of 2 percent per year, the bonds will mature on April 1, 2025, unless repurchased, redeemed or concerted before the date, according to a company statement.

The company has also granted initial buyers of the bonds a 13 day option to purchase up to additional such bonds worth $150 million.

The video-streaming service said it plans to use part of the net proceeds of the bonds to expand and enhance its content offerings, to strengthen its technologies, and for working capital.

Convertible bonds are a type of debt security that relevant holders can convert into a certain number of the issuing company's stocks or cash of equal value at certain time within the bonds' tenors.

Such bonds are a flexible financing option for companies and are particularly useful for companies with high risk and high growth potential.

This is the second time that iQIYI issued convertible bonds, after it first announced its convertible notes worth $650 million on Nov 29, 2018.

The company rang the Nasdaq Stock Market opening bell with an initial public offering of about $2.25 billion on March 29, 2018.

Buyers can convert the notes into the company's American deposit shares (ADSs) with a conversion premium of 32.5 percent to their latest closing stock price.

An ADS is a US dollar-denominated equity share of a foreign-based company for purchase on a US stock exchange.

Around Wednesday's market close, shares of iQIYI slightly fell 0.70 percent to $22.71 per ADS.

Upon conversion, iQIYI will pay or deliver such converting holders cash, ADSs or a combination of cash and ADSs at its election. Holders of the bonds are allowed to convert their notes at any time on or after October 1, 2024.

The bonds have been offered to qualified institutional buyers in the United States and to eligible non-US citizens outside the country.

If the above-mentioned additional $150 million is raised through the 13-day option, iQIYI could raise as much as $1.2 billion through the latest round of convertible bonds issuance.

That would make it the largest such deal by a US-listed Chinese firm, topping the $1.1 billion raised by online travel firm Ctrip.com in 2015, according to data released by global financial data provider Refinitiv.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 伊人网综合在线 | 国产精品自拍网站 | 日韩视频在线观看一区二区 | 秋霞影院午夜伦 | 亚洲成人激情小说 | 狠狠干夜夜 | 国产精品黄色大片 | 亚洲在线看 | 日韩免费视频网站 | 亚洲精品欧美日韩 | 免费成人高清视频 | 男人天堂免费 | 国产高清一二三区 | 国产午夜精品久久久久久久 | 在线观看免费视频黄 | 成人午夜久久 | www在线 | 久久中文字幕一区 | 亚洲四虎影院 | 国产欧美日韩综合精品 | 日日夜夜精品视频免费 | 色婷婷影视 | 一区二区三区亚洲视频 | a级黄色免费视频 | 日本中文字幕在线播放 | 欧美激情影音先锋 | 四虎影院永久网址 | 欧洲久久久久 | 成人在线免费av | 日韩精品1 | 性爱在线免费视频 | 久久福利片 | 亚洲成人激情视频 | 亚洲精品91在线 | 欧洲精品一区 | 永久看看免费大片 | 精品日韩在线播放 | 成人片在线播放 | 中文字幕在线免费观看视频 | 张津瑜国内精品www在线 | 亚洲免费在线视频 |