By Rebecca Melvin
Concord, N.H., April 12 – XD Inc. priced $280 million 1.25% five-year convertible bonds with an initial conversion price of HK$63.45, according to a Hong Kong Stock Exchange listing notice.
The Regulation S bonds were sold via joint bookrunners and joint managers Credit Suisse and Citic Securities.
They are expected to be listed for trading on the exchange on Tuesday.
The mobile and web games company is based in Shanghai.
| Issuer: | XD Inc.
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| Amount: | $280 million
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| Maturity: | 2026
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| Description: | Convertible bonds
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| Bookrunners: | Credit Suisse and Citic Securities
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| Coupon: | 1.25%
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| Initial conversion price: | HK$63.45
|
| Pricing date: | April 12
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| Listing date: | April 13
|
| Distribution: | Regulation S
|
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