Herbalife Ltd. (HLF) Issues Over $1B In Convertible Bonds To Fund Buybacks

Herbalife Ltd. (NYSE:HLF) has issued more than $1 billion in convertible bonds to Bank of America Merrill Lynch, Credit Suisse Group AG (ADR) (NYSE:CS), HSBC Holdings plc (ADR) (NYSE:HSBC), Morgan Stanley (NYSE:MS), and possibly other institutional investors as part of the stock buyback plan that it upped from $1 billion to $1.5 billion a few weeks ago.
Herbalife issues $1.15 billion in convertible senior notes
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