Sea returns with $1bn ADS convertible bond

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By Jonathan Breen
19 May 2020

Singapore-based online gaming company Sea has launched a $1bn convertible bond, following a surge in its share price after reporting strong first quarter earnings.

The New York Stock Exchange-listed company posted its first quarter 2020 results on Monday, showing a 58% year-on-year jump in revenue to $914m and gross profit up 424% to $206.8m. Its American Depository Shares (ADS) climbed 12.15% through the day to close at $69.49 apiece.

Goldman Sachs, the ...

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