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 According to a recent filing, Herbalife Ltd. (NYSE:HLF) issued $1 billion in convertible senior notes 2.00% due 2019 on February 7 and another $150 million worth on February 12. Herbalife had $653 million left over…