Peloton’s financing tells the tale of a bike ride gone wrong

Quick Summary:

Chinese companies including Alibaba and JD.com have found huge demand for convertible bonds among US investors this year, raising billions of dollars.

The company’s prospects plummeted in 2022 and the share price never came close to ever putting the equity option in the money.

To raise $350mn, Peloton had to pay an annual cash interest rate of 5.5 per cent.

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Article Details

Category: MarketsFinanceInvesting

Markets: United States

Topics: Option Bond Cent Shares Convertible Financial Company Interest 2021 Equity Peloton

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-24 @ 10:37:08 (6 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 471 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 21366767

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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Year Established: 1888

Headquarters: United States

News Last Updated: 15 hours ago

Coverage Areas: United States

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Publisher ID: #3

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