Check Point to Raise $1.5 Billion From Zero-Coupon Convertible

Check Point Software Technologies Ltd. is raising $1.5 billion from the sale of a five-year zero-coupon convertible bond, partly to help fund share buybacks.

By Bailey Lipschultz, Anthony Hughes · Bloomberg Markets

Check Point Software Technologies Ltd. is raising $1.5 billion from the sale of a five-year zero-coupon convertible bond, partly to help fund share buybacks.