Convertible bonds, which are the key underlying in iShares Convertible Bond ETF, are a special kind of hybrid security. See full details. 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. 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%. 21Vianet issued USD200 million of private convertible notes and USD150 million of perpetual convertible preferred shares in 1H20. 21Vianet provides hosting Stockhouse.com use cookies on this site. 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 These statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. 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 - … We also use them to share usage information with our partners. We have been building that business as we could see this trend coming, and it really began to drive the business,” he said. Your account has been deleted, thanks for being with us, Calculate in two clicks! Copyright 2020. 21Vianet jumps 25% in US debut . We are excited about our investment in 21Vianet, and look forward to more cooperation with the company in supporting its growth.”. 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 … 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. Interactive chart for 21Vianet Group, Inc. (VNET) – analyse all of the data with a huge range of indicators. 21Vianet Group Inc. ADR annual balance sheet for VNET company financials. 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. G91458102 . 21Vianet issued USD200 million of private convertible notes and USD150 million of perpetual convertible preferred shares in 1H20. Private Securities Litigation Reform Act of 1995. Beijing 100016. Taking out the effect of the changes in the fair value of convertible promissory notes, our debt-to-adjusted EBITDA rate was 4.7%. The five-year convertible bonds will carry a coupon of 1.625 per cent a year and be issued at par.. Stockhouse.com use cookies on this site. The bonds can be converted into ordinary shares at $5.743 for each new ordinary share. 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 I Agree × Join today and have … 21Vianet operates in more than 30 cities throughout China, servicing a diversified and loyal base of nearly 5,000 hosting and related enterprise customers that span numerous industries ranging from Internet companies to government entities and blue-chip enterprises to small- to mid-sized enterprises. Customers may locate their servers and networking equipment in 21Vianet's data centers and connect to The conversion can be done at any time before the maturity date and it depends on the bond holder’s discretion. Scale (foreign curr.)) 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. 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. 10-Yr Bond. Chaoyang District. We brought you to this page based on your search query. What is a convertible bond!A convertible bond is a debt instrument issued by a company in order to get financing. 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. 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. Cookies are used to offer you a better browsing experience and to analyze our traffic. 21Vianet Group, Inc. is the largest carrier-neutral Internet data center services provider in China. 21Vianet Announces Additional US$100 Million Private Placement of Convertible Notes. SCHEDULE 13D . 21Vianet Group, Inc. is a leading carrier- and cloud-neutral Internet data center services provider in China. 21Vianet Group, Inc. (VNET), a leading carrier- and cloud-neutral Internet data center services provider in China, today a... 21Vianet Announces Additional US$100 Million Private Placement of Convertible Notes The Chinese internet company has raised $900 million through a convertible bond. : Regardless of how profitable the company is, convertible bondholders receive only a fixed, … 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. credit rating, Fitch Ratings revised outlook on 21Vianet to stable and affirmed at "B+" (LT Int. 21Vianet Group, Inc. (VNET) FORM 6-K | Report of Foreign Issuer. We also use them to share usage information with our partners. 21Vianet Group, Inc. is the largest carrier-neutral Internet data center services provider in China. 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. I Agree × Join today and have your say! Indicators. Recent Quotes. Further information regarding these and other risks is included in 21Vianet's reports filed with, or furnished to, the Securities and Exchange Commission. and related services, managed network services, cloud computing infrastructure services and content delivery network 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 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. 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. Scale (local curr.)) Find the latest Institutional Holdings data for 21Vianet Group, Inc. American Depositary Shares (VNET) at Nasdaq.com. yourSRI ESG Funds & Portfolio Screening yourSRI Professional - the corporate carbon footprinting solution yourSRI Professional - the corporate carbon footprinting solution 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. Информация о выпуске еврооблигации 21Vianet, 7% 17aug2020, USD. 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. “The equity-linked market started to evolve in 2018. The Company will hold a conference call at 8:00 A.M. on August 19, 2020, U.S. Eastern Time to … The transaction is subject to the satisfaction of customary closing conditions. THCL owns an 18% stake in 21Vianet … 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. It’s FREE! 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. Work with the chart: switching the price, period, Download the chart in a convenient format, Data for comparison for the selected period is not available, * Data is not available within the selected subscription.  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. 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. Keep in mind, most convertible bonds are callable, meaning that the issuer can call the bonds away and thereby cap the investors’ gain. 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. services, improving the reliability, security and speed ... 21Vianet Group, Inc. is the largest carrier-neutral Internet data center services provider in China. Exhibit 99.1 . April 29 (Reuters) - 21Vianet Group Inc * Announces issuance of RMB1.75 billion convertible bonds by its main operating entity credit rating, Fitch Ratings revised outlook on 21Vianet to negative and affirmed at "B+" (LT Int. 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. and related services, managed network services, cloud computing infrastructure services and content delivery network 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. 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. 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. 21VIANET GROUP, INC. : Press releases relating to 21VIANET GROUP, INC. Investor relations | Nasdaq: VNET | Nasdaq This announcement contains forward-looking statements. 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. 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