March 13 (Reuters) - China-based internet data center services provider VNET Group VNET.O on Thursday launched a proposed offering of $400 million in convertible senior notes to fund its data center projects.
The capital raise by the Chinese data center specialist marks the latest in a series of fundraising efforts by Chinese technology companies.
Firms in the world's second-largest economy continue to tap international markets following a high-level summit led by President Xi Jinping in February, where the nation's top tech leaders gathered.
The meeting signaled an easing of the regulatory crackdown, boosting investor confidence and driving a surge in fundraising as Chinese tech firms seek expansion amid improving market conditions.
The maturity date for VNET's notes is April 1, 2030, unless they are repurchased, redeemed, or converted before that.
VNET plans to use the net proceeds from the offering for capital investment in wholesale internet data center projects.
Goldman Sachs is acting as the sole bookrunner for the offering.
(Reporting by Roshan Thomas in Bengaluru; Editing by Mrigank Dhaniwala)
((Roshan.Thomas@thomsonreuters.com;))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。