Bilibili Inc. (BILI), Wednesday announced it has upsized its offering to issue $600 million of convertible senior notes due 2030, with an underwriters' option for an additional US$90 million.
The notes, bear 0.625 percent annual interest, paid semiannually, and carry an initial conversion rate of 42.1747 Class Z shares per $1,000 principal equivalent to a conversion price of HK$185.63 per share, a 27.1 percent premium to the May 21 closing price.
Bilibili intends to deploy net proceeds to enhance its content ecosystem, accelerate IP development, boost monetization efficiency, and support share repurchases, including a concurrent repurchase to hedge convertible arbitrage positions.
The notes are senior, unsecured obligations maturing June 1, 2030, and are convertible until seven days before maturity.
BILI is currently trading at $18.22, up $0.07 or 0.36 percent on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.