By Abigail W. Adams
Portland, Me., Feb. 20 – 21Vianet Group Inc. placed $100 million of 2% convertible notes due 2025 on Wednesday with an initial conversion premium of 26.56%, according to a company news release.
The offering was placed with a group of investors led by Goldman Sachs Asia Strategic Pte. Ltd.
The notes carry a conversion price of $2.00 per ordinary share or $12.00 per ADS.
The notes will be redeemed at maturity at 115 plus accrued interest.
The notes are putable on the third anniversary of the issuance date at 109.
21Vianet Group is a Beijing-based internet data center service provider.
| Issuer: | 21Vianet Group Inc.
|
| Securities: | Convertible senior notes
|
| Amount: | $100 million
|
| Maturity: | 2025
|
| Bookrunner: | Goldman Sachs Asia Strategic Pte. Ltd.
|
| Coupon: | 2%
|
| Redemption price: | 115
|
| Conversion premium: | 26.56%
|
| Conversion price: | $2.00 per ordinary share or $12.00 per ADS
|
| Put options: | Putable in three years at 109
|
| Pricing date: | Feb. 19
|
| Stock symbol: | Nasdaq: VNET
|
| Market capitalization: | $1.67 billion
|
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