Reported Earlier, Trip.com Prices Offering Of $1.3B Cash-Par Settled Convertible Senior Notes Due 2029
Portfolio Pulse from Benzinga Newsdesk
Trip.com has priced an offering of $1.3 billion cash-par settled convertible senior notes due 2029. The notes will bear interest at a rate of 0.75% per year, payable semiannually starting December 15, 2024.
June 05, 2024 | 6:07 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Trip.com has announced the pricing of $1.3 billion in convertible senior notes due 2029, with a 0.75% interest rate. This move will provide the company with additional liquidity and could be seen as a positive step towards long-term financial stability.
The issuance of convertible senior notes will provide Trip.com with significant liquidity, which can be used for various strategic initiatives. The low interest rate of 0.75% is favorable and indicates strong investor confidence. This is likely to be viewed positively by the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100