NIO shares slide in Hong Kong after announcing plans to issue $1 bn convertible senior notes
Chinese electric vehicle maker NIO's shares plunged as much as nearly 6% to hit a low of HK$76.9 at one point after it on Monday announced its plan to issue $500 million of convertible senior notes due 2029 and another $500 million notes due 2030.
The interest rate, initial conversion rate and other terms of the notes to be determined at the time of pricing, it said.
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