The latest announcement is out from VNET Group, Inc. Sponsored ADR ( (VNET) ).
On March 13, 2025, VNET Group, Inc. announced the pricing of its US$430 million convertible senior notes due 2030, with an interest rate of 2.50% per annum. The offering is expected to close around March 17, 2025, and aims to fund capital investments in wholesale IDC projects and general corporate purposes. The notes, which are convertible under certain conditions, reflect VNET’s strategic financial maneuver to bolster its market position and operational capabilities. This move could influence the market price of VNET’s ADSs and the trading price of the notes, depending on market conditions and investor strategies.
More about VNET Group, Inc. Sponsored ADR
VNET Group, Inc. is a prominent carrier-neutral and cloud-neutral internet data center services provider in China. The company offers hosting, cloud, and business VPN services to enhance the reliability, security, and speed of its clients’ internet infrastructure. VNET operates across more than 30 cities in China, serving a diverse clientele of over 7,500 enterprises, including internet companies, government entities, blue-chip, and small- to mid-sized enterprises.
YTD Price Performance: 117.39%
Average Trading Volume: 8,422,046
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.18B
For detailed information about VNET stock, go to TipRanks’ Stock Analysis page.