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360 DigiTech, Inc. Class A ( (HK:3660) ) has provided an announcement.
Qifu Technology, Inc., incorporated in the Cayman Islands, has announced the pricing of its offering of US$600 million convertible senior notes due in 2030. The company plans to use the proceeds from this offering to repurchase its American depositary shares and/or class A ordinary shares as part of a new share repurchase plan authorized by its board of directors. This financial maneuver is expected to be accretive to the company’s earnings per ADS in 2025. The notes, which bear an interest rate of 0.50% per year, offer a conversion premium and are designed to facilitate hedging strategies for institutional buyers.
More about 360 DigiTech, Inc. Class A
YTD Price Performance: 19.47%
Average Trading Volume: 3,000
Technical Sentiment Signal: Sell
Current Market Cap: HK$57.21B
For detailed information about 3660 stock, go to TipRanks’ Stock Analysis page.