Bilibili Inc. (09626.HK) plans to issue $500 million of convertible preferred notes, while also conducting a hedging sale and simultaneous repurchase.

The iMoney APP news, Bilibili-W (09626.HK) announced that it intends to issue a total principal amount of 500 million US dollars of convertible preferred notes due in 2030 in accordance with Section 144A of the Securities Act of 1933 (as amended) only to qualified institutional buyers believed to be eligible. Depending on market conditions and other factors. The Company intends to grant the initial buyer of the notes offering an option to purchase up to an additional $75 million in principal amount of notes, which can be exercised within 30 days from the initial issuance date of the notes (including the day).