Qifu Technology shares up after unveiling $600 mln convertible for buybacks

U.S.-listed shares of Chinese credit-tech platform Qifu Technology QFIN.O up 0.8% to $44.80 on Tues after convertible bond offering news

Shanghai-based fintech announces private offering of $600 mln 5-yr convertible bonds

Co plans to use net offering proceeds to repurchase American depositary and/or ordinary shares

With about 155.3 mln shares outstanding co has roughly $7 bln market cap, per LSEG data

On Mar 17, QFIN shares ended session up ~9% at $47.13 after co posted Q4 beat and hiked its semi-annual dividend

YTD, shares up ~16% with move on the session. Shares closed at $18.41 a year ago