Nibis Group declare Raised $5 billion (previously It is said approximately $4.5 billion) resulting from the placement of senior convertible notes. The bond issuance amount is US$3 billion, maturing in 2030 and US$2 billion maturing in 2034. Initial purchasers have the option to purchase up to $450 million of additional notes due 2030 and up to $300 million of bonds due 2034. Accordingly, the total issuance could reach $5.75 billion, and the net proceeds upon full exercise of the option would be approximately $5.68 billion.
The transaction is expected to close on August 24, 2026, subject to customary closing conditions. The first tranche of the bond will be repaid on February 15, 2030, and the second tranche will be repaid on February 15, 2034. Nebius will be able to pay in cash, Class A shares or a combination of those shares, subject to certain conditions being met. The placement is subject to market conditions and has not yet been completed. Nebius has also entered into exchange agreements with a limited number of existing noteholders: $400 million of 2029 notes and $400 million of 2031 notes will be exchanged for approximately 15.8 million shares of Class A common stock.
According to the new cloud provider, the funds raised will be used to build and equip data centers, expand the company’s geographic presence, develop software for its cloud platform and purchase key infrastructure components for training and ensuring the operation of artificial intelligence models. The company previously said it had more than 3.5 GW of contracted capacity and raised its year-end target to more than 4 GW. At the same time, by the end of 2026, it is planned to introduce 0.8-1 GW of grid-connected capacity. Anticipated development of artificial intelligence infrastructure USA and European.
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The amount of funding in the program shows that new cloud-based AI models are becoming quite capital intensive. Purchasing an AI accelerator is only part of the cost. Companies implementing gigawatt projects must take care of land, energy supply, cooling, network and software infrastructure. The new funds are earmarked for expanding infrastructure rather than replenishing the business’s working capital.
Nebius has previously conducted a number of large financial transactions. It planned to issue $4 billion in bonds in March 2026, but later exercised its option to issue additional debt, ultimately raising about $4.34 billion. In July, the new cloud company reported raising approx. $775 million Secured by current AI infrastructure and future contract revenue.
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