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Iren invests $2 billion in convertible bonds, but the stock price falls over 6% after hours.

[Chain News] Iren, the company in Sydney that specializes in AI and high-performance computing data centers, has been quite active recently. They are preparing to issue two convertible bonds, each worth 1 billion dollars, maturing in 2032 and 2033 respectively, with a very low coupon rate, between 0 and 1 percent.

Not only that, they are also engaging in private equity financing while planning to repurchase the old convertible bonds maturing in 2029 and 2030. It is said that part of the raised funds will be used for structured hedging transactions.

Market reaction? The stock price fell directly by 6.4% after hours. It seems that investors are not buying into this wave of operations.

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LiquidityHuntervip
· 13h ago
2 billion get dumped and the stock price instead falls, this is awkward haha
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0xSoullessvip
· 13h ago
$2 billion financing can still fall by 6%, this operation is really amazing, no wonder some people say that big funds just love to play people for suckers.
View OriginalReply0
APY_Chaservip
· 13h ago
$2 billion get dumped and the stock price still falls, this operation is really amazing haha
View OriginalReply0
ProofOfNothingvip
· 13h ago
$2 billion get dumped and the stock price still falls, this operation is a bit absurd, the market clearly doesn't trust it.
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BearWhisperGodvip
· 14h ago
$2 billion financing takes the opposite position and falls 6%, this is what you call slapping yourself in the face... investors are really cowardly.
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ShibaMillionairen'tvip
· 14h ago
The stock price still falls after getting dumped 2 billion dollars, this operation is really outrageous... Hedging Transactions are even more incredible.
View OriginalReply0
AirdropSkepticvip
· 14h ago
Investing 2 billion USD like this, the stock price actually falls, the market really doesn't have confidence.
View OriginalReply0
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