Twitter prices USD 1 bln convertible note offering

Thursday 7 June 2018 | 09:44 CET | News

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Twitter is planning the issue of a USD 1 billion convertible note offering. The private placement of senior unsecured notes due 2024 was priced at a 0.25 percent coupon. Of the expected USD 999 million in net proceeds, Twitter said it will use USD 70.6 million to pay a number of convertible note hedge transactions, with the rest going towards general corporate purposes.

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Categories: General
Companies: Twitter
Countries: World
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