Nasdaq to sell debt worth $5 bln to fund Adenza deal

Image Source: freemalaysiatoday.com

Nasdaq said it aims to sell debt worth $5.07 billion to fund its purchase of Thoma Bravo-owned software company Adenza.

The exchange provider will become a financial tech business as part of the $10.5 billion acquisition.

Based on a release, Nasdaq plans to offer senior bonds for $4.25 billion as well as 750 million euros which is about 821.33 million USD.

Nasdaq and several of its competitors have been transitioning into fintech companies, mostly through acquisitions.

The U.S. exchange operator acquired OMX, a holding company of the Nordic markets, for 3.7 billion USD in the year 2007.

The first digital trading platform in the world, Nasdaq is an online worldwide platform for purchasing and selling securities.

Nasdaq began as a division of NASD which stands for the National Association of Securities Dealers.

The first computerized trading platform was the outcome along with starting its operations in 1971 on February 8.

Stay Updated With Us!!