Xero to settle of US$300 million convertible notes

Company News

by Rachael Jones

Cloud-based accounting software platform Xero (ASX:XRO) has announced the settlement of US$300 million 2.375 per cent convertible notes, due 2023.

The convertible notes will be listed on the Singapore Exchange Securities Trading today.

Goldman Sachs International and Morgan Stanley & Co. International plc acted as Joint Lead Managers on the Offering.

Shares in Xero (ASX:XRO) closed -1.11 per cent lower to $49 yesterday
 

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