JD.com Closes $2 Billion Convertible Senior Notes Offering-August 2024-www.financetom.com

JD.com Closes $2 Billion Convertible Senior Notes Offering

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JD.com Closes $2 Billion Convertible Senior Notes Offering

May 23, 2024 2:05 PM

04:29 PM EDT, 05/23/2024 (MT Newswires) -- JD.com ( JD ) said Thursday it completed a $2 billion offering of 0.25% convertible senior notes due 2029.

The company said the offering includes the full exercise of the initial purchasers' option to buy up to an additional $250 million in notes.

Proceeds from the offering will be used for American depositary shares repurchases, overseas expansion, supply chain improvements, and working capital, according to the company.

Price: 31.11, Change: -0.09, Percent Change: -0.29

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