BRIEF-Nio Announces $200 Million Private Placement Of Convertible Notes
Sept 5 (Reuters) - Nio Inc:
* NIO ANNOUNCES US$200 MILLION PRIVATE PLACEMENT OF CONVERTIBLE NOTES
* TENCENT AND BIN LI WILL EACH SUBSCRIBE FOR $100 MILLION PRINCIPAL AMOUNT OF CONVERTIBLE NOTES, EACH IN TWO EQUALLY SPLIT TRANCHES
* NOTES ISSUED IN FIRST TRANCHE WILL MATURE IN 360 DAYS, BEAR NO INTEREST, AND REQUIRE COMPANY TO PAY A PREMIUM AT 2% OF PRINCIPAL AMOUNT AT MATURITY
* NOTES ISSUED IN SECOND TRANCHE WILL MATURE IN THREE YEARS, BEAR NO INTEREST, AND REQUIRE COMPANY TO PAY A PREMIUM AT 6% OF PRINCIPAL AMOUNT AT MATURITY Source text for Eikon: Further company coverage:
