Nebius announced a plan to offer $3.75 billion of convertible senior notes

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

In a press release datelined Amsterdam, Mar 17, 2026, Nebius Group announced its intention to offer, subject to market and other conditions, $3.75 billion in aggregate original principal amount of convertible senior notes, in two series, in a private offering to qualified institutional buyers. The offering was to comprise $2.0 billion of notes due 2031 and $1.75 billion of notes due 2033. Nebius said it intended to use the net proceeds for data center construction and build-out, AI cloud investments, the expansion of its data center footprint, the procurement of key components, including GPUs, and general corporate purposes. The announcement was a press release furnished to the SEC in a Form 6-K, a foreign company’s report, filed on Mar 17, 2026.1^,2^,3^,4^,5^,6^,7