Qihoo launches convertible bond to raise $600 million

The offering from the Chinese company, which specialises in developing internet and mobile security products, is the first in the US market from a mainland group since last September.

Qihoo launches convertible bond to raise $600 million

Qihoo 360 Technology, a Chinese internet service company, has raised $600 million from a convertible bond, the largest ever issued by a US-listed mainland company and the largest dollar convertible bond in Asia since 2011.

The offering from the company, which specialises in developing internet and mobile security products, was completed on an accelerated basis in order to minimise risk from potential fluctuations in the US market.

Citigroup, the sole global...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: debt | qihoo 360 technology | china

Print Edition

FinanceAsia Print Edition

EVENTS