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Grab Boosts Convertible Bond Issuance to $1.5 Billion
2 week ago /
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Author：小编
Grab has announced the issuance of $1.5 billion in 5-year convertible bonds, with an initial conversion price set at $6.55, marking a 40% premium over the closing price. The funds raised will be allocated towards general corporate purposes and strategic flexibility, potentially including future acquisitions. Furthermore, Grab intends to repurchase approximately $273.5 million worth of shares through privately negotiated transactions.
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