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Grab Announces Plans to Issue $1.25 Billion in Convertible Preferred Notes, with a Portion earmarked for Potential Acquisitions
1 week ago /
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Author：小编
On June 9th, Grab, the Southeast Asian ride-hailing giant, revealed its intention to issue $1.25 billion worth of convertible preferred notes maturing in 2030. The exact details of the issuance will be contingent upon market conditions and other relevant factors, with key terms such as interest rates, initial conversion rates, and issue prices yet to be finalized. Grab clarified that the net proceeds from this issuance will be allocated towards sustaining daily operations, bolstering strategic flexibility (potentially funding acquisitions), repurchasing shares, and other purposes as authorized by the board of directors.
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