Nio's Hong Kong shares fell in early Asia trading on Wednesday, following an overnight drop in U.S.-listed depository shares after the Chinese...
Nio’s Hong Kong shares 9866, -12.76% fell in early Asia trading on Wednesday, following an overnight drop in U.S.-listed depository shares after the Chinese electric-vehicle maker said it would raise US$1 billion via an issuance of convertible bonds.
Nio is raising $500 million via the issuance of convertible senior notes due 2029 and $500 million via another tranche due 2030. It said early Wednesday that it would pay coupons of 3.875% and 4.625%, respectively.
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