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
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.