Bilibili proposes $700M convertible notes; Tencent to subscribe $200M
Bilibili proposed offerings totaling $700 million in aggregate of convertible senior notes due 2031 to fund share repurchases alongside AI-driven growth. Tencent would subscribe for $200 million.
Bilibili said on Friday it is proposing to issue $700 million in aggregate of convertible senior notes due 2031, with proceeds to be used for share repurchases and AI-driven growth. Here are some details