Bilibili priced $700 million of convertible notes with an initial conversion price of HK$155.79

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Bilibili announced the pricing of its $700 million offering of convertible senior notes due 2031 in a press release dated Sep 4, 2026, including $200 million that Tencent, through a subsidiary, agreed to subscribe for. The notes were not to bear regular interest, and their initial conversion price of about HK$155.79 per Class Z ordinary share was about 28.3% above the HK$121.40 closing price on Sep 4, 2026. Bilibili also agreed to repurchase 13,591,090 Class Z ordinary shares held by Tencent at HK$115.38 a share, with the repurchase price and the price of Tencent's note subscription set off against each other and the closing subject to shareholder approval at an extraordinary general meeting. The announcement is a press release attached to a Form 6-K, the report a foreign company files on what it has made public at home, filed with the SEC on Sep 8, 2026.1^,2^,3^,4^,5^,6^,7^,8^,9^,10