By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-World renowned social media operators, Twitter on Wednesday said it’s seeking to raise a fresh capital of $1.3 billion through debt offering, according to a report by Reuters.

Twitter plans two (2) offerings worth $650 million each in convertible seniour notes, its first debt offering since coming to the market for the first time in November.

According to the report, the company will also grant initial purchasers an option to buy up to $100 million in each of the offerings.

At the end of trading on Wednesday shares of Twitter fell about 1.5 percent in extended trading, the report said.