It appears the convertible note auction is almost stitched...

It appears the convertible note auction is almost stitched up:

Afterpay brokers launch $400m share auction.

Afterpay’s three brokers are back with another auction for their client.Afterpay shares were halted from trading on Thursday. With the $1.5 billion convertible notes capital raising just about locked away, the brokers were seeking buyers for an associated deal.

This time, they had an estimated 2.6 million to 3.6 million Afterpay shares to sell.The brokers were asking funds to bid $130.36 to $134.36 a share for the stock. Afterpay shares last traded at $134.36. The block price represented up to a 3 per cent discount to the last close.

The parcel of shares was to help set up a delta hedge, designed to strip out equity associated with Afterpay’s new convertible notes.Goldman, JPMorgan and Citi were calling for bids by later on Thursday night. The same three brokers also led the convertible notes raising that launched earlier on Thursday.