Nebius Group Prices Upsized $5 Billion Convertible Debt Offering
Nebius Group (NBIS) has priced a $5 billion convertible senior notes offering to fund its AI cloud expansion, marking an increase from the initially announced $4.5 billion deal. The offering includes two tranches: $3 billion in 0.50% convertible notes due in 2030 and $2 billion in 4.50% convertible notes maturing in 2034. These notes are expected to settle on August 24, 2026. The upsized offering reflects strong investor demand for Nebius' growth strategy centered around AI cloud infrastructure development. The capital will be used to accelerate the company's expansion plans and support its long-term vision in artificial intelligence technologies.
Tickers: $NBIS
Topics: Convertible notes Corporate finance Funding announcement