21Vianet Group, Inc. Announces The Pricing Of RMB1 Billion Bonds

BEIJING, March 15, 2013 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (Nasdaq:VNET) ("21Vianet" or the "Company"), the largest carrier-neutral Internet data center services provider in China, today announced that the Company has priced the offering of RMB1 billion (approximately equivalent to US$160.9 million 1 ) in aggregate principal amount of bonds due 2016 with a coupon rate of 7.875% per annum (the "Bonds"). 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 center expansion and other general corporate purposes.

The Bonds has been approved in principle to be listed and quoted on the Official List of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). Admission of the Bonds to the Official List of SGX-ST is not to be taken as an indication of the merits of the Company and its subsidiary or affiliated entities or the Bonds.

Barclays Bank PLC acted as the sole global coordinator and joint Bookrunner for the transaction. Other joint Bookrunners include CITIC Securities Corporate Finance (HK) Limited, DBS Bank Ltd., and Wing Lung Bank Limited.

The Company expects to close the Bonds offering on or about March 22, 2013, subject to the satisfaction of customary closing conditions.

This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any of the Bonds, and shall not constitute an offer, solicitation or sale of the Bonds in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

If you liked this article you might like

21Vianet (VNET) Stock Plunges After Q2 Loss, Downgrade

21Vianet (VNET) Stock Declines in After-Hours Trading on Q2 Loss

5 Hated Earnings Stocks You Should Love

Tracking Bullish and Bearish Reversals

Tracking Bullish and Bearish Reversals