VNET Announces the Closing of Its Offering of US$430 Million Convertible Senior Notes due 2030
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VNET Group, Inc. has successfully closed its offering of $430 million in convertible senior notes due 2030, with an interest rate of 2.50% per annum.
March 18, 2025 | 11:45 am
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VNET Group, Inc. has closed a $430 million offering of convertible senior notes due 2030, which could provide the company with additional capital for growth and operations.
The successful closing of the $430 million convertible notes offering provides VNET with significant capital, which can be used for expansion or operational improvements. This financial move is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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