GDS-SW completed the issuance of USD 550 million convertible senior bonds and fully exercised the option to purchase additional bonds
GDS-SW announced that it has completed the issuance of USD 550 million of convertible senior bonds, which will mature in 2032. This issuance includes the initial purchasers' option to purchase an additional USD 50 million of bonds, expanding the issuance size from USD 450 million. The bonds were issued privately to qualified institutional buyers
According to the Zhitong Finance APP, GDS-SW (09698) announced that it has completed the issuance of convertible preferred bonds previously announced on May 30, 2025, with a total principal amount of USD 550 million, maturing in 2032; this includes the initial purchasers fully exercising their option to purchase additional bonds, with a total principal amount of USD 50 million for the additional bonds. The bonds have been privately placed to persons reasonably believed to be qualified institutional buyers under Rule 144A of the Securities Act of 1933 (as amended), expanding the offering size from a total principal amount of USD 450 million
