NYSE-listed online microlender qudian has raised US$300m from an upsized seven-year put-three convertible bond issue. The deal was increased from US$250m to meet demand. The CB issue was priced at the mid-point of the marketed terms. The coupon was set at 1% compared with the 0.75%-1.25% range and the conversion premium at 27.5% from the 25%-30% range.
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