FinVolution Group, a leading fintech platform in China, Indonesia, and the Philippines, has announced the completion of its offering of convertible senior notes totaling US$150 million. This includes the full exercise of an option by initial purchasers to buy an additional US$20 million in notes. The notes are due in 2030 and bear an interest rate of 2.50% per year, payable semi-annually starting January 1, 2026. The initial conversion rate is set at 80.8865 American Depositary Shares (ADSs) per US$1,000 principal amount of notes, equivalent to an initial conversion price of approximately US$12.36 per ADS. The proceeds from the offering will be used for international business expansions, working capital replenishment, and repurchasing ADSs under the company's share repurchase programs.
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