Scale (local curr.)) “The equity-linked market started to evolve in 2018. 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 issued USD200 million of private convertible notes and USD150 million of perpetual convertible preferred shares in 1H20. Convertible bonds, which are the key underlying in iShares Convertible Bond ETF, are a special kind of hybrid security. Effectively, a mixture of a straight bond and a … The transaction is subject to the satisfaction of customary closing conditions. 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. Bottom line: 21Vianet’s new convertible bond indicates it may be abandoning its previous plan to privatize from New York, and could help to boost its shares by bringing in more investors from China. 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. The convertible bond market is a big piece of that shift,” said Aaron Arth, head of Financing Group, Asia ex-Japan at Goldman Sachs. 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. By continuing to use our service, you agree to our use of cookies. By continuing to use our service, you agree to our use of cookies. 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. infrastructure. THCL owns an 18% stake in 21Vianet … These forward-looking statements are made under the "safe harbor" provisions of the U.S. 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. 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. “The equity-linked market started to evolve in 2018. These statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. 0.8820 +0.0250 (+2.92% ... quotations from management in this announcement as well as 21Vianet's strategic and operational plans contain forward-looking statements. 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. Scale (foreign curr.) August 03, 2014. G91458102 . 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. 21Vianet Group, Inc. (VNET) FORM 6-K | Report of Foreign Issuer. April 29 (Reuters) - 21Vianet Group Inc * Announces issuance of RMB1.75 billion convertible bonds by its main operating entity 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. The conversion can be done at any time before the maturity date and it depends on the bond holder’s discretion. Информация о выпуске еврооблигации 21Vianet, 7% 17aug2020, USD. ISIN/ Issuer Name Bond Category ... 21VIANET GROUP INC A high-level overview of Kingsoft Corporation Limited (KSFTF) stock. I Agree × Join today and have … 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 - … Copyright 2020. 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. Beijing 100016. The Company will hold a conference call at 8:00 A.M. on August 19, 2020, U.S. Eastern Time to … 21Vianet Announces Additional US$100 Million Private Placement of Convertible Notes finance.yahoo.com - February 24 at 6:03 PM: 21Vianet Group, Inc. to Announce Unaudited Fourth Quarter and Full Year 2019 Financial Results finance.yahoo.com - February 24 at 12:20 PM: 21Vianet announces private placement of convertible notes 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. As a result, convertibles don’t have the same unlimited upside potential as common stock. and related services, managed network services, cloud computing infrastructure services and content delivery network 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. We have been building that business as we could see this trend coming, and it really began to drive the business,” he said. CUSIP No. 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. 21Vianet Group, Inc. Guanjie Building, Southeast 1st Floor 10# Jiuxianqiao East Road. 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. 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 five-year convertible bonds will carry a coupon of 1.625 per cent a year and be issued at par.. 21Vianet abandoning privatization? 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 My Watchlist . 21Vianet Announces US$100 Million Private Placement of Convertible Notes . 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. 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. Security and Issuer. 21Vianet Group, Inc. (VNET), a leading carrier- and cloud-neutral Internet data center services provider in China, today a... 21Vianet Announces US$100 Million Private Placement of Convertible Notes 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. 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. In a filing to the Hong Kong stock exchange, the company has proposed to sell the bond at a coupon of between 0.8% to 1.6%. 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. 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