JD.com, Inc. Class A (HK:9618) has released an update.
JD.com has announced a proposed offering of convertible senior notes totaling $1.5 billion, maturing in 2029, with an additional $225 million option for initial purchasers. The funds raised will be used for share repurchases, expanding overseas business, improving supply chains, and working capital needs. Concurrently, the company will facilitate initial hedging for investors through a repurchase program of its Class A shares and/or American depositary shares.
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