EV maker Li Auto kicks off $750m CB

By Jonathan Breen
07 Apr 2021

Chinese electric vehicle maker Li Auto has launched its debut convertible bond, aiming to raise $750m amid a rebound in US stock markets.

The Nasdaq-listed company is issuing a 2028 CB with a potential 0% to 0.5% coupon. The notes have two put options, one at three years and the other at five.

Li Auto and its bookrunners Barclays, CICC, CLSA, Goldman Sachs and UBS were preparing the deal for about ...

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