Nebius Group, an AI infrastructure firm listed on Nasdaq, announced a private placement of US$1 billion in senior unsecured convertible notes.
The notes are divided into two tranches: US$500 million in 2.00% convertible notes due in 2029 and US$500 million in 3.00% convertible notes due in 2031.
The proceeds will support Nebius Group’s growth. This includes the acquisition of additional computing power and the expansion of its data center operations.
The notes will be issued on June 5, 2025, and will bear semi-annual interest.
They will also include conversion options under specified conditions.
🔗 Source: Nebius https://www.techinasia.com/
