Xero prices zero coupon US$700m convertible notes

WELLINGTON, 25 November 2020- Xero Limited (ASX: XRO) (“Xero”) is pleased to announce that it has successfully priced zero coupon US$700m senior unsecured convertible notes due 2025 (the “Notes”) issued by Xero Investments Limited (“the Issuer”) and guaranteed by Xero (the “Offering”). The Notes will mature on 2 December 2025, unless earlier redeemed, repurchased or converted in accordance with th