Xero announces US$600 million convertible notes offering

WELLINGTON: Xero Limited has launched an offering of US$600 million senior unsecured convertible notes due 2025 to be issued by its wholly-owned subsidiary, Xero Investments Limited, and guaranteed by Xero.  Xero CEO Steve Vamos said: “This announcement represents the next step in our ongoing program to optimise Xero’s financial structure as we continue to execute…