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المشهد العربي
Robin Hood plans $2 billion bond issuance
Robinhood plans to raise two billion dollars through the issuance of convertible bonds maturing in 2029, with a fixed yield of 0% and a conversion premium between 60% and 65% over the current stock price. The company will allocate around 300 million dollars from the proceeds to buy back shares, and its stock rose by 1.3% to reach $109.52 following the announcement of the offering.
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