Check Point has raised US$1.8 billion through its first-ever convertible bond sale, with an option to increase to US$2 billion if underwriters exercise their rights.

The bonds carry zero interest and mature in 2030.

Strong demand from institutional investors led Check Point to raise the amount from its original US$1.5 billion target, boosting its liquidity to nearly US$5 billion, up from about US$3 billion at the end of Q3.