Nio launches $650m convertible bond

Cars - 230x150
By Christie Ou
30 Jan 2019

Nio, the Chinese electric car company, has launched bookbuilding for a convertible bond that will be worth as much as $650m, according to a source close to the deal.

There are eight banks working on the trade. Credit Suisse is the left lead bookrunner alongside Bank of America Merrill Lynch, Citi, Deutsche Bank, Goldman Sachs, JP Morgan, Morgan Stanley and UBS.

The company launched the five non-put three year convertible deal after the US market closed on ...

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