Xero Limited, the cloud-based accounting platform that’s listed on the Australian Securities Exchange (ASX), has priced zero coupon US$700 million ($940.0 million) worth of senior unsecured convertible notes, issued by Xero Investments and guaranteed by Xero.

The US$-denominated notes are issued in denominations of US$200,000 and integral multiples of US$1,000 in excess thereof.

The notes will mature on Dec 2, 2025.

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