Nebius priced an upsized $5.0 billion convertible notes offering on Aug 19, 2026

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.

Nebius Group priced an upsized $5.0 billion private offering of convertible senior notes on Aug 19, 2026, up from the $4.5 billion it had announced earlier. The offering was $3.0 billion of 0.50% convertible notes due 2030 and $2.0 billion of 4.50% convertible notes due 2034, with initial conversion prices of about $313.46 and $324.65 a Class A share, premiums of about 40.0% and 45.0% to the $223.90 last reported sale price on Nasdaq on Aug 19. Nebius also agreed to exchange $400 million of original principal of its existing 2029 notes and $400 million of its existing 2031 notes for about 15.8 million Class A shares, and estimated net proceeds of about $4.94 billion, or $5.68 billion if the initial purchasers took their full option. The Amsterdam press release of Aug 19, 2026 is Exhibit 99.1 to a 6-K, the report a foreign company files with the SEC, filed on Aug 20, 2026.1^,2^,3^,4^,5^,6^,7^,8^,9^,10