Nio (NIO) launches smartphone for use with company EVs

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NIO Inc. Prices Offering of US$1 Billion Convertible Senior Notes

September 19, 2023 7:48 PM EDT

SHANGHAI, China, Sept. 19, 2023 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (NIO or the Company), a pioneer and a leading company in the premium smart electric vehicle market, today announced the pricing of US$500 million in aggregate principal amount of convertible senior notes due 2029 (the 2029 Notes) and US$500 million in aggregate principal amount of convertible senior notes due 2030 (the 2030 Notes, and, together with the 2029 Notes, the Notes) (the Notes Offering). The Notes have been offered to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A... More