Singapore’s Grab plans big convertible bond, fuelling hopes...

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2025-06-10 14:22:24 -

Singapore’s Grab plans big convertible bond, fuelling hopes about GoTo deal

Singapore-headquartered super app Grab Holdings Ltd announced plans for a $1.25 billion sale of bonds convertible into stock, fuelling speculation it’s bulking up its war chest to take over rival Southeast Asian delivery-and-transport provider GoTo Group, Bloomberg reported on Tuesday. Grab said it will issue convertible bonds that mature in June 2030, partly to fund potential...

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