Edition:
India

Adidas says convertible bond 2.7 times oversubscribed


Wednesday, 5 Sep 2018 

Sept 5 (Reuters) - Adidas AG ::ADIDAS AG SUCCESSFULLY PLACES EQUITY-NEUTRAL CONVERTIBLE BOND.SAYS OFFERING WAS 2.7 TIMES OVERSUBSCRIBED.SAYS PROCEEDS OF OFFERING WILL BE USED FOR GENERAL CORPORATE PURPOSES AND, AS PREVIOUSLY ANNOUNCED, TO FINANCE A PORTION OF MULTI-YEAR SHARE BUYBACK.SAYS END OF SHARE REFERENCE PRICE PERIOD, EXPECTED TO TAKE PLACE ON OR AROUND SEPTEMBER 19,. 

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