Jingdong plans to issue US$1.5 billion, expiring in 2029JungleJackpotJingleConvertible bonds.

According to transaction documents, the dual-listed company in Hong Kong and New York will offer up to 0JungleJackpotJingle.25% coupon. If the over-allotment option is exercised, the issuance size will be expanded by another US$225 million.

Data compiled by Bloomberg shows that this will be the largest convertible bond issuance by an Asian company this year. According to the documents, JD plans to use the proceeds for share buybacks, overseas expansion, improving its supply chain network and other purposes.

Bank of America, Goldman Sachs Group, Haitong Securities and UBS acted as bookkeeping banks.