[Nebius Plans to Issue $4.5 Billion Convertible Bonds for Data Center Expansion and GPU Procurement] BlockBeats News, August 20: AI cloud computing company Nebius Group announced plans to privately issue a total of $4.5 billion in convertible senior bonds, including $2.75 billion bonds maturing in 2030 and $1.75 billion bonds maturing in 2034. Nebius stated that the funds raised will be used to drive business expansion, including the construction and expansion of data centers, the development of a full-stack AI cloud platform, the expansion of data center layouts, and the procurement of GPUs and other critical infrastructure equipment. Additionally, the company expects to conduct private share swap transactions with certain holders of convertible bonds maturing in 2029 and 2031 to optimize its debt structure. The issuance is still subject to market conditions, and the final interest rate, conversion price, and other terms will be determined at the time of pricing. [Original Link]