Svmuu News According to reports, optimism towards cloud infrastructure company CoreWeave has increased due to deals with several major tech firms, leading to a rise in its junk bonds. As of 9:05 AM New York time (21:05 Beijing time), the bonds with a 9.75% coupon rate and a face value of 100 cents rose to 101.88 cents. During the syndicated sale process, the size of the bond offering expanded from the initially planned $1.25 billion.
Data shows that another convertible bond issued on the same day, which was upsized to $3.5 billion, has not yet begun trading. This financing round is the company's latest, occurring just hours after CoreWeave announced a new agreement with Meta Platforms to supply AI computing products. On Friday, Anthropic agreed to lease CoreWeave's data center capacity to meet the growing demand for its AI services. CoreWeave's stock rose over 6% intraday. (Jin10)