BILIBILI-W (09626.HK)  -0.400 (-0.279%)    Short selling $84.90M; Ratio 15.506%   has announced the issuance of USD600 million convertible senior notes plus up to an additional USD90 million principal amount of the notes pursuant to the initial purchaser's option to purchase the optional notes.

The notes carry an interest rate at 0.625% p.a. and are fully convertible into around 25.3048 million Class Z ordinary shares at a conversion price of HKD185.63 per share, representing a premium of about 27.1% over yesterday's (21st) closing price of HKD146.

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BILIBILI-W expects to raise net proceeds of around USD589 million, which are intended to enhance its content ecosystem to facilitate user growth, facilitate IP asset creation, and unleash its inherent potential. The company also plans to use the net proceeds from the notes offering to improve its overall monetization efficiency, fund the concurrent repurchase, fund future repurchases (from time to time) under its share repurchase program, and for other general corporate purposes.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-03 16:25.)