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…
-
Business22 hours ago1 Australian stock you’ll probably kick yourself for not owning a decade from now
-
Business21 hours agoIs this the best ASX ETF to diversify your portfolio with?
-
Noosa News14 hours agoPeregian Square revitalised | Noosa Today
-
General21 hours agoUsman Khawaja describes Perth Stadium pitch for first Ashes Test as ‘piece of shit’