By Toby Sterling and Rashika Singh
AMSTERDAM, Aug 20 (Reuters) - Nebius Group said on Thursday its $5 billion convertible bond was one of the largest on record and reflected strong demand for AI services and data centre capacity, despite recent jitters over the sector's huge financing needs.
Amsterdam-based Nebius, which sells AI services to tech firms and data centre capacity to customers including Meta and Microsoft, raised the size from $4.5 billion late on Wednesday and the total could be increased to $5.75 billion if buyers exercise all options.
"We think it's one of the largest, and the largest in recent history, in the corporate convertible world," Nebius chief communications officer Tom Blackwell told Reuters, adding that the firm's total convertible debt is now around $12 billion.
Proceeds of the new offer, led by Goldman Sachs and JPMorgan, will be used to fund the company's data centre buildout and further develop its AI services offerings.
#convertible #reuters
AMSTERDAM, Aug 20 (Reuters) - Nebius Group said on Thursday its $5 billion convertible bond was one of the largest on record and reflected strong demand for AI services and data centre capacity, despite recent jitters over the sector's huge financing needs.
Amsterdam-based Nebius, which sells AI services to tech firms and data centre capacity to customers including Meta and Microsoft, raised the size from $4.5 billion late on Wednesday and the total could be increased to $5.75 billion if buyers exercise all options.
"We think it's one of the largest, and the largest in recent history, in the corporate convertible world," Nebius chief communications officer Tom Blackwell told Reuters, adding that the firm's total convertible debt is now around $12 billion.
Proceeds of the new offer, led by Goldman Sachs and JPMorgan, will be used to fund the company's data centre buildout and further develop its AI services offerings.
#convertible #reuters
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