(Bloomberg) — Months before Wirecard AG admitted that it was missing more than $2 billion in cash, the payments company was racing to load up on funds, adding debt and offering market-beating interest rates to clients who made deposits.In September, it issued its first investment-grade bond, raising 500 million euros ($561 million). Shortly after, it sold a 900 million-euro convertible bond with the help of Softbank Group Corp., which had pledged its backing earlier that year in a display of support after allegations of accounting irregularities surfaced.Some of the money was earmarked to pay down an existing 1.75 billion-euro credit …read more
Source:: Yahoo Finance
