Qifu Technology Completes $690 Million Convertible Notes Offering

An announcement from Qifu Technology ( (QFIN) ) is now available.

On March 27, 2025, Qifu Technology announced the completion of its US$690 million convertible senior notes offering, which includes an additional US$90 million from initial purchasers. The proceeds will be used for repurchasing shares under a new plan, enhancing 2025 earnings per ADS. The notes, maturing in 2030, bear a 0.50% interest rate and are aimed at institutional buyers under Rule 144A.

More about Qifu Technology

Qifu Technology is a leading AI-empowered Credit-Tech platform in China. The company utilizes advanced machine learning models and data analytics to offer a wide range of technology services that support financial institutions, consumers, and SMEs throughout the loan lifecycle. These services include borrower acquisition, credit assessment, fund matching, and post-facilitation services, aiming to make credit services more accessible and personalized.

YTD Price Performance: 19.85%

Average Trading Volume: 1,530,744

Technical Sentiment Signal: Sell

Current Market Cap: $7.36B

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