Tesla Third Quarter 2018 Update [pdf]

Re:Tesla Third Quarter 2018 Update [pdf] by jjeaff on Wednesday October 24, 2018 @08:34PM (#18297691)

Your comment got me interested and I was looking at this March 2021 bond issuance. Does anyone know how in the world Tesla was able to borrow over $1.3B at 1.25%?

There must be some special case here.

Who would loan money to Tesla below the rate they could get in risk free t-bills?

This is the bond in question. https://markets.businessinsider.com/bonds/tesla_inc-bond-202...

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Re:Tesla Third Quarter 2018 Update [pdf] by dragontamer on Wednesday October 24, 2018 @08:47PM (#18297746)

Its a convertible. It turns into shares instead of dollars at the end of its lifetime.

Furthermore, it was sold below par value. There's 1.25% coupon, but the overall yield is closer to 5% IIRC.

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