NIO Prices $1B Convertible Senior Notes In Dual Offering
Portfolio Pulse from Benzinga Newsdesk
NIO has announced the pricing of $1B in convertible senior notes, split equally between notes due in 2029 and 2030.

September 20, 2023 | 6:10 am
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NIO's issuance of $1B in convertible senior notes could potentially dilute existing shareholders, but also provides the company with additional capital.
The issuance of convertible notes can lead to dilution of existing shareholders if the notes are converted into equity. However, it also provides the company with additional capital that can be used for various corporate purposes. The impact on the stock price can be neutral in the short term as the potential dilution is balanced by the inflow of capital.
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