Bonds
Airbnb Sells $2.5 Billion of Bonds as Convertible Comes Due
Airbnb Inc. is expected to sustain its conservative financial policy over the next few years.
Photographer: Gabby Jones/BloombergAirbnb Inc. raised $2.5 billion from a debut high-grade debt offering as a convertible note is about to mature.
The home-rental firm sold dollar bonds with maturities of three, five and 10 years, according to a person with knowledge of the matter. Pricing on the longest tenor tightened by 0.33 percentage point to a 1.02-percentage-point premium over Treasuries, the person added, asking not to be identified because discussions are private.