Snap Inc, founded in 2011 and headquartered in Santa Monica, California, is a technology company primarily known for its multimedia messaging app, Snapchat. The company focuses on augmented reality, social media, and advertising solutions, offering innovative features that enhance user engagement and brand promotion.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| SNAP 6.88% 2034-03-15 USDSnap Inc | United States | 2034-03-15 | 6.875 | 6.61 |
| SNAP 6.88% 2034-03-15 USDSnap Inc | United States | 2034-03-15 | 6.875 | 6.60 |
| SNAP6004738 6.88% 2033-03-01 USDSnap Inc | United States | 2033-03-01 | 6.875 | 6.51 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Snap Inc began issuing bonds in 2019, entering the debt market to support its growth initiatives and enhance liquidity. One significant issuance was a $1 billion convertible senior notes offering, which allowed the company to capitalize on favorable market conditions. Currently, Snap's bonds are yielding around 4.75%, positioning them competitively within the tech sector, reflecting investor confidence despite a fluctuating stock price. The convertible feature of the bonds has attracted interest among investors, offering the possibility for conversion into equity, thus aligning with the company's long-term growth strategy.