Chinese EV carmaker NIO aims to raise $650 million via convertible bond

January 30, 2019 admin Business News Comments Off on Chinese EV carmaker NIO aims to raise $650 million via convertible bond

Electric carmaker NIO Inc, among rivals to Tesla in China, launched a $650 million five-year convertible bond on Wednesday, aiming to use the proceeds to fund expansion.

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Source:: Reuters – Business News