ZTO Express Announces US$1.5 Billion Convertible Senior Notes Offering to Fund Share Repurchases and General Corporate Purposes.

ZTO Express plans to raise $1.5 billion through a convertible senior notes offering due in 2031. The net proceeds will be used for refinancing, near-term share repurchases, and general corporate purposes. Holders can convert the notes after a 40-day compliance period, and the company can redeem them before maturity under certain conditions.