Bilibili proposes offering of US$700 million convertible senior notes due 2031
BILI•Proposed convertible notes offering
Bilibili announced proposed offerings of convertible senior notes due 2031 totaling US$700 million.
Tencent agreed to subscribe for US$200 million of the notes on the same terms as the marketed tranche.
Proceeds are earmarked for concurrent share repurchases, AI-driven growth initiatives, and general corporate purposes.
The notes are senior unsecured obligations with no regular interest and will mature on Sept. 15, 2031.
