Electric vehicle maker Li Auto charges $750m CB

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By Jonathan Breen
08 Apr 2021

Chinese electric vehicle manufacturer Li Auto has raised $750m from its debut convertible bond, pricing the deal at the investor-friendly end of the marketed range.

The Nasdaq-listed company decided to launch this week after putting the brakes on the deal for a few days as Chinese US-traded stocks took a beating in late March, said a banker on the mandate.

Li Auto and bookrunners Barclays, CICC, CLSA, Goldman Sachs and UBS had been ...

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