Business
Afterpay taps three brokers for $1.5b convertible notes raising – The Australian Financial Review
Payments group Afterpay has jumped aboard the convertible notes bandwagon.
From Afterpays perspective, it means it can borrow as much as $1.5 billion today, pay no interest for the next five years and either repay $1.5 billion or issus shares worth $1.5 billion.
And if it does issue shares, they will be issued at $181 to $194 each. The stock last traded at $134.36.
JPMorgan, Goldman Sachs and Citi were lead managers and kicked off the raising on Thursday morning. Highbury was the financial adviser to Afterpay.
The notes will be listed in Singapore, as is customary with…
-
Noosa News23 hours agoGyrocopter pilot injured in crash-landing on K’Gari, north of Brisbane
-
Noosa News13 hours agoRevealed: 75 Qld suburbs you could afford to buy in if lending standards drop
-
General8 hours agoFarmers develop ‘autofill’ tech so agricultural robots can operate around the clock
-
General10 hours agoChoosing an online exercise program can be confusing. Here’s what to look out for