We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Running on fumes

29 May 2019 By Alec Macfarlane

Uxin is issuing $230 mln of convertible bonds, including to existing investors TPG and Warburg Pincus. It follows a 70% loss in market value since last year’s IPO. A short attack, China’s slowdown and generous terms make it hard to see the deal as accurately calling a bottom.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)