VNET Prices Offering of US$430 Million Convertible Senior Notes due 2030
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VNET Group, Inc. has announced the pricing of its $430 million convertible senior notes due 2030, with a 2.50% interest rate. The offering is expected to close around March 17, 2023, pending customary conditions.
March 13, 2025 | 12:30 pm
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VNET Group, Inc. has priced a $430 million offering of convertible senior notes due 2030 at a 2.50% interest rate. This move could provide the company with additional capital for growth or debt refinancing.
The issuance of convertible notes can be seen as a positive move for VNET, providing it with significant capital. The 2.50% interest rate is relatively low, suggesting favorable terms. This could be used for growth initiatives or to refinance existing debt, potentially improving financial stability.
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