Business
Xero in whopper $US600m convertible notes deal – The Australian Financial Review
Goldman Sachs and Morgan Stanley are in the market with a whopper $US600 million raising for ASX-listed accounting software group Xero.
Goldman Sachs and Morgan Stanley are in the market with a giant $US600 million ($821 million) raising for ASX-listed accounting software group Xero.
Xero, run by chief executive Steve Vamos, is after $US600 million. Brook Mitchell
The brokers were seeking buyers for the new senior unsecured convertible notes on Tuesday night, telling clients that the notes would be listed in Singapore and help buy back Xero’s existing $US300 million guaranteed convertible notes that are due in 2023.
The new notes…
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