Several companies, including SoFi (SOFI), Albemarle (ALB), and MicroStrategy (MSTR), have announced plans to issue convertible bonds, a move that has put downward pressure on their respective stock prices during Tuesday’s trading session.
Albemarle, a leading producer of lithium, unveiled the largest deal among the three, aiming to raise $1.75 billion through a convertible bond offering.
Yahoo Finance’s Josh Lipton and Julie Hyman break down the details.
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Editor’s note: This article was written by Angel Smith