China’s Nio recharges with $650m debut convertible

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China’s Nio recharges with $650m debut convertible

Jonathan Breen
January 31, 2019 12:00 pm
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American Dollars in Focus. Benjamin Franklin One Hundred Dollars Banknotes. Dollar Trading. | Tomasz Zajda - Fotolia

Chinese electric car company Nio made a splash in the US convertible bond market this week, raising $650m from its debut issuance and using a call spread feature to engineer a tasty premium. Jonathan Breen reports.

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Deutsche BankJP MorganCredit SuisseUBSEquityChinaAmericasAsiaGreater ChinaNortheast AsiaAsia PacificNorth AmericaBank of AmericaCitiMorgan StanleyUnited StatesEmerging MarketsGoldman SachsEquity-Linked
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Jonathan Breen
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