Chinese delivery firm ZTO Express raises $870m in convertible bonds

Chinese delivery firm ZTO Express raises $870m in convertible bonds

Workers listen to their line manager, at a sorting centre of Zhongtong (ZTO) Express, Chaoyang District, Beijing, November 8, 2015. REUTERS/Jason Lee/File Photo

ZTO Express (Cayman) Inc raised $870 million by issuing convertible bonds that the Chinese delivery firm plans to use to bolster its logistics operations, regulatory filings showed on Thursday.