FinVolution Group Completes US$150 Million Convertible Senior Notes Offering for International Expansion and Share Repurchase

Reuters
06-25
FinVolution Group Completes US$150 Million Convertible Senior Notes Offering for International Expansion and Share Repurchase

FinVolution Group, a leading fintech platform in China, Indonesia, and the Philippines, has announced the completion of its offering of convertible senior notes totaling US$150 million. This includes the full exercise of an option by initial purchasers to buy an additional US$20 million in notes. The notes are due in 2030 and bear an interest rate of 2.50% per year, payable semi-annually starting January 1, 2026. The initial conversion rate is set at 80.8865 American Depositary Shares (ADSs) per US$1,000 principal amount of notes, equivalent to an initial conversion price of approximately US$12.36 per ADS. The proceeds from the offering will be used for international business expansions, working capital replenishment, and repurchasing ADSs under the company's share repurchase programs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FinVolution Group published the original content used to generate this news brief via PR Newswire (Ref. ID: CN17082) on June 25, 2025, and is solely responsible for the information contained therein.

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