The notes due 2029 will bear interest at a rate of 3.875% per annum (p.a.) and are payable semiannually in arrears on April 15 and October 15 per year beginning on April 15, 2024. The notes due 2030 will be an interest rate of 4.625% p.a., also payable at the same time and beginning on the same day.
NYSE-listed Nio Inc (SGX:NIO
) , which also has a secondary listing on the Singapore Exchange (SGX) and on the Hong Kong Exchanges and Clearing (HKEX), has priced US$1 billion ($1.37 billion) worth of convertible senior notes.
The notes will be issued in two tranches of US$500 million each. The first tranche will mature on Oct 15, 2029, while the second tranche will mature on Oct 15, 2030.
