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iQiyi looking to launch notes offering worth USD 1.05 bln

Tuesday 26 March 2019 | 09:05 CET | News
Chinese online video platform iQiyi has proposed raising USD 1.05 billion in convertible senior notes due 2025, subject to market and other conditions. There will also be a greenshoe of USD 150 million worth of additional notes. Money raised will go to pay a number of capped call transactions, with the rest going to the expansion and enhancement of the company's content offerings, to developing its technology and for working capital and other general corporate purposes.

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Categories: Internet
Companies: iQiyi
Countries: China
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