NEBIUS RAISES $4.5B VIA CONVERTIBLE BONDS

Nebius is leveraging the convertible bond market to secure funding for its data center buildout as enterprises scale artificial intelligence workloads. The $4.5 billion offering underscores investor appetite for AI infrastructure plays amid broader market competition in cloud computing. Convertible bonds allow investors to exchange debt securities for company equity at a predetermined price, offering flexibility for both issuer and buyer. The financing move positions Nebius to expand capacity and compete in the accelerating AI infrastructure sector. The bond offering reflects capital intensity required to build and operate data centers at scale. Major cloud providers and specialized AI infrastructure firms are racing to deploy facilities capable of supporting large language models and other compute-heavy AI applications.