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GDS Holdings announces $150M bond conversion

Published 11/17/2017, 08:33 AM
© Reuters.  GDS Holdings announces $150M bond conversion
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  • GDS Holdings (NASDAQ:GDS) announces that its outstanding $150M convertible bonds were voluntarily converted into ordinary shares.
  • Bondholders STT GDC and Ping An Insurance did the converting.
  • Price was $1.675262 per ordinary share or $13.40 per ADS.
  • After the conversion of the principal and accrued interest, GDS will issue around 97.9M additional Class A shares or about 10.4% of its enlarged issued share capital.
  • Previously: GDS Holdings misses by $0.01, beats on revenue (Nov. 9)
  • Now read: Bitcoin closes in on ,000


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