AST SpaceMobile raises USD 1 bln in convertible debt issue

Wait 5 sec.

(Telecompaper) AST SpaceMobile has raised USD 1.0 billion for its mobile satellite platform in an issue of convertible debt notes. The private offering to institutional investors of the notes due 2034 resulted in an interest rate of 1.625 percent. The initial conversion price is USD 79.57 per share, a small premium of 2 percent over the most recent trading price of the Class A stock...