The five-year convertible bonds will carry a coupon of 1.625 per cent a year and be issued at par.. Keep in mind, most convertible bonds are callable, meaning that the issuer can call the bonds away and thereby cap the investors’ gain. Additional information regarding the private placement and the notes will be included in a Form 6-K to be filed by 21Vianet with the US Securities and Exchange Commission. We also use them to share usage information with our partners. 21Vianet Group, Inc. (VNET) FORM 6-K | Report of Foreign Issuer. At any time after the issuance, each note is convertible into Class A ordinary shares of the Company at the holder’s option at a conversion price of US$2 per share, or US$12 per American depositary share (“ADS”), representing a premium of 26.56% to the volume weighted average price of 21Vianet’s ADSs for the 60 trading days immediately preceding the signing date, subject to customary anti-dilution adjustments. BEIJING, May 14, 2020 -- 21Vianet Group, Inc. (Nasdaq: VNET) ("21Vianet" or the "Company"), a leading carrier- and cloud-neutral Internet data center services provider in. The Investor Relations website contains information about Yum China Holdings, Inc.'s business for stockholders, potential investors, and financial analysts. yield, duration and other parameters, DATA PLATFORM FOR FINANCIAL MARKET PROFESSIONALS AND INVESTORS, Bond is not traded; the issue is redeemed. G91458102 . 21Vianet Group, Inc. is the largest carrier-neutral Internet data center services provider in China. This announcement contains forward-looking statements. 21Vianet Group, Inc. All Rights Reserved. 21Vianet is a leading carrier-neutral internet data center services provider in China, and an influential global internet infrastructure services provider. The transaction provides us with an efficient and flexible source of capital to fund our three-year growth plan and development projects across key markets.”, Mr. Luke Wei, a managing director at Goldman Sachs, commented, “Over the past years, we have witnessed tremendous growth in China’s Internet data center industry. Indicative bond and international bond quotes by Cbonds are calculated based on the methodology. : credit rating, Fitch Ratings revised outlook on 21Vianet to negative and affirmed at "B+" (LT Int. We have been building that business as we could see this trend coming, and it really began to drive the business,” he said. 21Vianet Group, Inc. (NASDAQ:VNET) Q2 2020 Earnings Conference Call August 19, 2020 08:00 AM ET Company Participants Rene Jiang - Director of Investor Relations Shiqi Wang - … SCHEDULE 13D . 21Vianet Group, Inc. is the largest carrier-neutral Internet data center services provider in China. Stockhouse.com use cookies on this site. The transaction is subject to the satisfaction of customary closing conditions. “The equity-linked market started to evolve in 2018. Raiffeisenbank a. s. uses cookies and web analytics to safeguard the quality of service and user-friendliness and to analyse the use of services provided on its website. This is on top of news two weeks ago that the main operating entity of VNET plans to issue RMB 1.75 billion in convertible bonds to repay existing bonds and fund operations. Convertible bonds, which are the key underlying in iShares Convertible Bond ETF, are a special kind of hybrid security. The stock has actually lost almost half of its value since the original convertible bond announcement last month, so perhaps investors see these purchases as a form of stealth buy-out. 21Vianet jumps 25% in US debut . If the margin ratio displays as E means bond margin may be subject to market condition such as liquidity or credit issues, please enquire with your Trading Representative or the Client Services team of the local office. 21Vianet Group, Inc.Rene Jiang+86 10 8456 2121IR@21Vianet.comÂ, Julia Jiang+86 10 8456 2121IR@21Vianet.comÂ, ICR, Inc.Jack Wang+1 (646) 405-4922IR@21Vianet.comÂ, 21Vianet Announces US$100 Million Private Placement of Convertible Notes. Advantages of Debt Financing in Convertible Bonds . By: 21Vianet Group, Inc. via GlobeNewswire News Releases August 19, 2020 at 06:52 AM EDT BEIJING, Aug. 19, 2020 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. ( Nasdaq: VNET We have been building that business as we could see this trend coming, and it really began to drive the business,” he said. The convertible bond market is a big piece of that shift,” said Aaron Arth, head of Financing Group, Asia ex-Japan at Goldman Sachs. As shareholders, Kingsoft and Tsinghua will also suffer the dilutive effects of any share conversions, but neither company is willing to go in any further by buying into these new bonds. I Agree × Join today and have … April 29 (Reuters) - 21Vianet Group Inc * Announces issuance of RMB1.75 billion convertible bonds by its main operating entity The bonds can be converted into ordinary shares at $5.743 for each new ordinary share. These statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. We brought you to this page based on your search query. The 3-year puttable bond with coupon rate and final price 7% is to be listed on the SGX-ST. Cookies are used to offer you a better browsing experience and to analyze our traffic. 21Vianet provides hosting See full details. Pursuant to these agreements, 21Vianet will issue and sell convertible notes in an aggregate principal amount of US$100 million through a private placement to the investors. By continuing to use our service, you agree to our use of cookies. Ltd., (“Goldman Sachs”). Regardless of how profitable the company is, convertible bondholders receive only a fixed, … 21Vianet Announces US$150 million Investment from Blackstone. Scale (local curr.)) Private Securities Litigation Reform Act of 1995.  Unless previously redeemed or converted, the Company shall redeem the note on the maturity date at 115% of the then outstanding principal amount plus all accrued but unpaid interest.  In addition, if any portion of the outstanding principal amount of the notes has not been converted into shares of the Company by the third anniversary of the note issuance date, the holders have the right to require the Company to redeem, in whole or in part, the outstanding principal amount of the note at 109% of the principal amount plus all accrued but unpaid interest. 21Vianet provides hosting and related services, managed network services, cloud computing infrastructure services and content delivery network services, improving the reliability, security and speed of its customers' Internet connections through 21Vianet's Internet infrastructure. Информация о выпуске еврооблигации 21Vianet, 7% 17aug2020, USD. 21Vianet provides hosting and related services, including IDC services, cloud services, and business VPN services to improve the reliability, security and speed of its customers' Internet infrastructure. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. China's Internet backbone through 21Vianet's extensive private fiber optic network. and related services, managed network services, cloud computing infrastructure services and content delivery network THCL owns an 18% stake in 21Vianet … “The equity-linked market started to evolve in 2018. On November 5, 2013, 21Vianet Group, Inc. (21Vianet) announced that the Company intends to report its Q3 2013 financial results on Monday, November 25, 2013, after market closes. From the above chart,it’s apparent that the revenue gap is diminishing quickly between GDS and 21Vianet,especially in the Q4 of 2018.If the pattern of growth continues,we would expect GDS to become the largest carrier-neutral data center operator of China in the first quarter of 2019 at the earliest. Scale (foreign curr.)) Customers may locate their servers and equipment in 21Vianet's data centers and connect to China's Internet backbone. BEIJING, Feb. 19, 2020 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (Nasdaq: VNET) ("21Vianet" or the "Company"), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced that it has entered into convertible note purchase agreements with a group of investors led by Goldman Sachs Asia Strategic Pte. Effectively, a mixture of a straight bond and a … The bonds are convertible 13 to 48 months from now, which means that at current exchange rates, a 22% dilution of current shares is possible 13 months from now. VNET Preferred Stock as of today (December 11, 2020) is $153.4 Mil. Pursuant to these agreements, 21Vianet will issue and sell convertible notes in an aggregate principal amount of US$100 million through a private placement to the investors. credit rating, Moody's Investors Service downgrades LT- foreign currency credit rating of 21Vianet to "B2"; outlook stable, S&P Global Ratings revised outlook on 21Vianet to negative and affirmed at "B+" (Foreign Currency LT) credit rating, S&P Global Ratings revised outlook on 21Vianet to negative and affirmed at "B+" (Local Currency LT) credit rating, Fitch Ratings affirms 21Vianet at "B+" (LT Int. Recent Quotes. I Agree × Join today and have your say! It’s FREE! Mar 08, 2019 (China Knowledge) - Asia’s largest property investment trust Link Reit is looking to sell a USD 640 million green convertible bond, making it the world’s first real estate company to issue such as bond. February 24, 2020 at 16:30 PM EST. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Corporate bond specification for Windstream Holdings maturing on 04/01/2023: 97381WAU8 7.5% Mr. Alvin Wang, Chief Executive Officer and President of 21Vianet, commented, “We are delighted to welcome our new institutional investors, and we are appreciative of the continued support of many of our existing shareholders as well. By: 21Vianet Group, Inc. via GlobeNewswire News Releases. Statements that are not historical facts, including statements about 21Vianet's beliefs and expectations, are forward-looking statements. A convertible bond acts more like a bond than a stock until or unless the bond holder - lender - or the issuer chooses to convert it into stock or share ownership. BEIJING, March 05, Mar 04, 2020 (GLOBE NEWSWIRE via COMTEX) -- 21Vianet Group, Inc. (Nasdaq: VNET) ("21Vianet" or the "Company"), a leading carrier- and... MarketWatch Site Logo A … The bonds will, subject to the satisfaction of certain other conditions precedent, be convertible into equity interest of Beijing 21Vianet Broad Band Data Center Co., Ltd. (“21Vianet Beijing”), a wholly owned subsidiary of Beijing Yiyun. 21Vianet abandoning privatization? We rate 21Vianet based on its standalone credit profile, as its cash flow is largely ring-fenced within the group by restrictive dividend covenants in its unsecured bond documents, which limit its ability to pay significant cash to its parent. yourSRI ESG Funds & Portfolio Screening yourSRI Professional - the corporate carbon footprinting solution yourSRI Professional - the corporate carbon footprinting solution 21Vianet provides hosting Taking out the effect of the changes in the fair value of convertible promissory notes, our debt-to-adjusted EBITDA rate was 4.7%. August 03, 2014. Chaoyang District. Find the latest Institutional Holdings data for 21Vianet Group, Inc. American Depositary Shares (VNET) at Nasdaq.com. BEIJING, Aug. 19, 2020 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (Nasdaq: VNET) ("21Vianet" or the "Company"), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2020. 21Vianet issued USD200 million of private convertible notes and USD150 million of perpetual convertible preferred shares in 1H20. As a result, convertibles don’t have the same unlimited upside potential as common stock. Stockhouse.com use cookies on this site. These forward-looking statements are made under the "safe harbor" provisions of the U.S. credit rating, Fitch Ratings revised outlook on 21Vianet to stable and affirmed at "B+" (LT Int. 21Vianet raises $195 million after pricing its US IPO 25% above the initial top of the range — and at 37 times estimated 2012 net earnings. 21Vianet Announces US$100 Million Private Placement of Convertible Notes . 21Vianet Announces Additional US$100 Million Private Placement of Convertible Notes. In depth view into 21Vianet Group Preferred Stock explanation, calculation, historical data and more The Company will hold a conference call at 8:00 A.M. on August 19, 2020, U.S. Eastern Time to … services, improving the reliability, security and speed of its customers' Internet connections through 21Vianet's Internet and related services, managed network services, cloud computing infrastructure services and content delivery network Cookies are used to offer you a better browsing experience and to analyze our traffic. Your account has been deleted, thanks for being with us, Calculate in two clicks! If any Bond in respect of which information has been supplied under Clause 3.2 or 3.4 is not to be issued on a given Issue Date, the Issuer shall immediately (and, in any event, prior to the Issue Date) notify the Registrar. 10-Yr Bond. Pursuant to these agreements, 21Vianet will issue and sell convertible notes in an aggregate principal amount of US$100 million through a private placement to the investors. Beijing 100016. 21VIANET GROUP, INC. : Press releases relating to 21VIANET GROUP, INC. Investor relations | Nasdaq: VNET | Nasdaq Further information regarding these and other risks is included in 21Vianet's reports filed with, or furnished to, the Securities and Exchange Commission. In this way, the convertible bond offered both income and a chance to participate in the upside of the underlying stock. The stock has actually lost almost half of its value since the original convertible bond announcement last month, so perhaps investors see these purchases as a form of stealth buy-out. The convertible notes will mature in five years, bearing interest at the rate of 2% per annum from the issuance date which shall. credit rating, S&P Global Ratings downgrades Foreign Currency LT credit rating of 21Vianet to "B"; outlook stable, S&P Global Ratings downgrades Local Currency LT credit rating of 21Vianet to "B"; outlook stable, Fitch Ratings revised outlook on 21Vianet to negative and affirmed at "B+" (LT Int. The controlling shareholder of 21Vianet, TUS-Holdings Co Ltd, provided the letter of support for the Transaction. The convertible notes will mature in five years, bearing interest at the rate of 2% per annum from the issuance date which shall be payable semiannually in arrears in cash. All information provided in this press release and in the attachments is as of the date of this press release, and 21Vianet undertakes no duty to update such information, except as required under applicable law. services, improving the reliability, security and speed ... 21Vianet Group, Inc. is the largest carrier-neutral Internet data center services provider in China. The market finally came to the realization that the going private transaction at $23 per ADS was unlikely to occur and also that the main operating entity of 21Vianet planned to dilute current shareholders by issuing RMB 1.75 billion in convertible bonds to repay existing bonds and fund operations. 21VIANET GROUP, INC. : Financial news and information Stock 21VIANET GROUP, INC. | Nasdaq: VNET | Nasdaq Calculations for international bonds are made according to the minimum trading lot, More than 2,500 records have been found, please specify your request, Arranger Legal Adviser (International law), Designation of Restricted and Unrestricted Subsidiaries, Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries, Limitations on transactions with affiliates, Fitch Ratings revised outlook on 21Vianet to stable and affirmed at "B+" (LT Int. My Watchlist . In addition, we believe 21Vianet's refinancing risk has improved, following the equity issuance in September 2020, and the company has a proven track record of access to the capital markets. The equity and convertible bond were up approximately 30% and 20%, respectively, from early April through June, already providing convertible investors an attractive return through the market’s recent volatility. 21Vianet Group Inc. ADR annual balance sheet for VNET company financials. 21Vianet Group Inc 22nd Century Group Inc 24/7 REAL MEDIA INC 360 GLOBAL WINE CO ... AB Municipal Bond Inflation AB Municipal Income NY AB Municipal Income Shares AB Pooling Bond Inflation ... Convertible Securities & Income Fund Adverum Biotechnologies Inc AdvisorOne CLS Global Ltd., (“Goldman Sachs”).  Pursuant to these agreements, 21Vianet will issue and sell convertible notes in an aggregate principal amount of US$100 million through a private placement to the investors. Security and Issuer. The convertible notes will mature in five years, bearing interest at the rate of 2% per annum from the issuance date which shall be payable semiannually in arrears in cash. 21Vianet Group, Inc. Reports Unaudited First Quarter 2020 Financial Results. credit rating); outlook stable, Online Seminar: «Summing up 2020 and what to expect from 2021», Online seminar «New bond issue of TFN Group», Online seminar «Svetofor Group: from HY to IPO», High performance interface for global bond market screening, Full information on close to 400,000 bonds from 180 countries, Ratings data from all international and local ratings agencies, Stock market data from 60 world trading floors, Data access via the website, mobile application and add-in for Microsoft Excel. If this isn't what you are looking for, you can continue to Search Results for ""continue to Search Results for "" See full details. Copyright 2020. 21Vianet Group, Inc. Guanjie Building, Southeast 1st Floor 10# Jiuxianqiao East Road. 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