Twitter Inc (TWTR)

[C.C.]

planned to raise as the deal met with robust demand.

The conversion rate, 12.8793 shares per $1,000 in principal, is equal to about $77.64 per share, according to Twitter’s filing. That is almost 48% above the stock’s $52.57 level Friday morning.

Another high-flying, high-multiple company that has utilized convertible bonds to raise capital recently is Tesla Motors TSLA -9.08%, which sold debt in May 2013 and February of this year.

http://www.forbes.com/sites/steveschaefer/2014/09/12/twitter-takes-advantage-of-soaring-stock-with-1-3b-convertible-debt-offering/