Brief: Uxin Announces Private Placement Of Convertible Notes For $230 Mln
29/05/2019 24:41
May 28 (Reuters) - Uxin Ltd UXIN.O :
* UXIN ANNOUNCES PRIVATE PLACEMENT OF CONVERTIBLE NOTES FOR
US$230
MILLION
* UXIN LTD - CONVERTIBLE NOTES WILL BEAR INTEREST AT A RATE
OF
3.75% PER ANNUM FROM ISSUANCE DATE AND MATURE IN FIVE YEARS
* UXIN- EACH NOTE WILL BE CONVERTIBLE INTO CLASS A ORDINARY
SHARES
OF CO AT CONVERSION PRICE OF $1.03 PER SHARE AT HOLDER'S OPTION
AFTER 180-DAY PERIOD
Source text for Eikon: ID:nGNXbYMBgJ
Further company coverage: UXIN.O
((Reuters.Briefs@thomsonreuters.com;))
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