[March 18, 2013] 21Vianet Group prices RMB1bn bonds Tweet Mar 18, 2013 (TELECOMWORLDWIRE via COMTEX) -- 21Vianet Group, Inc. (NASDAQ: VNET) reported it has priced the offering of RMB1bn (approximately equivalent to USD160.9m1) in aggregate principal amount of bonds due 2016 with a coupon rate of 7.875% per annum. The bonds are denominated in RMB and are being offered outside the United States in reliance on Regulation S under the Securities Act of 1933, as amended. Interest on the Bonds is payable semi-annually in arrears on, or nearest to, March 22 and September 22 in each year, beginning on September 22, 2013. The Bonds are not rated. The company intends to use the Bonds proceeds for data centre expansion and other general corporate purposes. Barclays Bank PLC acted as the sole global coordinator and joint Bookrunner for the transaction. Other joint Bookrunners include CITIC Securities Corporate Finance (HK) Ltd., DBS Bank Ltd., and Wing Lung Bank Ltd.. The company expects to close the Bonds offering on or about March 22, 2013, subject to the satisfaction of customary closing conditions. 21Vianet Group, Inc. is the largest carrier-neutral Internet data centre services provider in China. 21Vianet provides hosting and related services, managed network services, cloud computing infrastructure services and content delivery network services, improving the reliability, security and speed of its customers' Internet connections through 21Vianet's Internet infrastructure. Customers may locate their servers and networking equipment in 21Vianet's data centers and connect to China's Internet backbone through 21Vianet's extensive private fibre optic network. Comments on this story may be sent to [email protected] [ Back To TMCnet.com's Homepage ]