BUZZ-China's Qifu Tech stabilizes after $600 mln convertible bond sale

Reuters
03-26
BUZZ-China's Qifu Tech stabilizes after $600 mln convertible bond sale

** U.S.-listed shares of Chinese credit-tech platform Qifu Technology QFIN.O flat in premarket trading after securing capital raise

** QFIN shares had fallen past four sessions

** Shanghai-based fintech late Tues announced pricing private offering of $600 mln 0.50% 5-yr convertible bonds (CBs)

** Initial conversion price of $59.71 represents 35% premium to last close of its American depositary shares (ADSs)

** Co plans to use net offering proceeds to repurchase ADSs and/or ordinary shares

** It says plans to repurchase approx $230 mln worth of ADSs from certain purchases of the CBs

** Co has ~$6.9 bln market cap, based on 155.3 mln shares outstanding, according to LSEG data

** On Mar 17, QFIN shares ended session up ~9% at $47.13 after co posted Q4 beat and hiked its semi-annual dividend

** Through Tues, shares up 15% YTD. They closed at $18.51 a year ago

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10