SINGAPORE (June 19): Sea has completed its previously announced offering of US$575 million (S$777 million) aggregate principal amount of 2.25% convertible senior notes due 2023.

(See: Sea mulls raising funds for e-commerce as quarterly loss triples)

To address investor demand, the company increased the offering size from an initial US$400 million to US$500 million, and a full exercise of a 15% “greenshoe” option by the initial purchaser brought the total offering size to US$575 million.

Sea expects to use the net proceeds from this offering for business expansion and other general corporate purposes, including supporting the growth of the company's e-commerce platform, Shopee... (Click here to read the full story)