Nebius arranges $3.75 billion convertible bonds after reaching a deal with Meta

MaticHoleFiller · 2026-03-28T09:58:28+00:00

Nebius Group stock price dropped 9.44%. The company announced plans to raise approximately $3.75 billion through convertible bonds for data center expansion and custom chip purchases. This move comes after a major agreement with Meta. The financing has sparked concerns about a bubble in the industry.

MaticHoleFiller

2026-03-28 09:58:28

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Nebius Group’s stock price fell by 9.44% during intraday trading after the company announced plans to raise approximately $3.75 billion through convertible bonds following a major commercial agreement with Meta Platforms. This issuance includes two tranches of senior notes maturing in 2031 and 2033, with proceeds specifically allocated for data center expansion and the purchase of custom chips.

This financing comes shortly after Meta committed to spending up to $27 billion over five years to acquire Nebius’s computing power, marking the second major agreement between the two companies.

This bond issuance positions Nebius alongside CoreWeave and Nscale as AI data center specialists turning to the credit market for financing capital-intensive construction. Bloomberg noted that this trend has raised concerns about a potential bubble in the industry. Last week, Nebius also secured a $2 billion strategic investment from Nvidia, with the collaboration covering joint AI factory design and multi-generational infrastructure deployment.

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Editor: Zhang Jun SF065

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