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Ocado launches $642 million bond issue to fund robotic warehouse deals

Ocado launches $642 million bond issue to fund robotic warehouse deals

5 years ago
Anonymous $4bURcB5AtU

https://www.reuters.com/article/us-ocado-bonds/ocado-launches-642-million-bond-issue-to-fund-robotic-warehouse-deals-idUSKBN1Y60JE

British online grocer and technology company Ocado has launched a 500 million pounds ($642 million) convertible bond offering, partly to fund the construction of robotic warehouses for its overseas partners, it said on Monday.