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(Reuters) - Software service company Xero on Tuesday announced it is raising $850 million by offering fixed coupon guaranteed senior unsecured convertible notes that are due to be repaid by 2031.
The move follows a recent surge in convertible bond offerings, including deals from Alibaba worth $4.5 billion and notable issues from Lenovo and JD.com amounting to $2 billion and $1.5 billion, respectively.
On Monday, Bloomberg News reported that Chinese developer Poly Developments and Holdings Grou...
>>> Read more: IT firm Xero launches $850 million convertible notes offering due 2031
The move follows a recent surge in convertible bond offerings, including deals from Alibaba worth $4.5 billion and notable issues from Lenovo and JD.com amounting to $2 billion and $1.5 billion, respectively.
On Monday, Bloomberg News reported that Chinese developer Poly Developments and Holdings Grou...
>>> Read more: IT firm Xero launches $850 million convertible notes offering due 2031
