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Snowflake Reportedly Offers 0%-0.5% Coupon on $2B Convertibles – Bloomberg
Snowflake Reportedly Offering Low Coupon Rates for $2 Billion Convertible Offering
Snowflake is reportedly set to offer a coupon rate between 0% and 0.5% for its upcoming $2 billion convertible bond issuance. This move highlights the company’s strategic approach to capital raising in the current market environment. Convertible bonds allow holders to convert their debt into equity, providing potential upside for investors while offering Snowflake a lower interest rate compared to traditional bonds. This issuance reflects the company’s growth ambitions and its continued focus on innovative financing solutions.