Bilibili launches $650m ADS convertible bond

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By Jonathan Breen
28 May 2020

Chinese streaming platform Bilibili returned to the equity-linked market on Thursday, kicking off bookbuilding for a $650m convertible bond, according to a source familiar with the matter.

The company is issuing a seven year non-call for life CB that converts into its Nasdaq-listed American Depository Shares (ADS). Investors have the option to put the notes after three years and again two years later.

Joint bookrunners Bank of America, Goldman Sachs and Morgan Stanley are marketing ...

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