Bitdeer Announces Pricing of US$360.0 Million Convertible Senior Notes Offering
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Bitdeer Technologies Group announced the pricing of a $360 million convertible senior notes offering, with an option for an additional $40 million. The notes are due in 2029 and carry a 5.25% interest rate.
November 22, 2024 | 1:15 pm
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Bitdeer Technologies Group has announced a $360 million convertible senior notes offering, with a 5.25% interest rate, due in 2029. This move could provide the company with significant capital for growth and operations.
The issuance of convertible senior notes provides Bitdeer with substantial capital, which can be used for expansion or operational needs. The 5.25% interest rate is a manageable cost of capital, and the option for an additional $40 million indicates strong demand. This financial maneuver is likely to be viewed positively by investors, potentially boosting the stock price in the short term.
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