Chindata group announces pricing of $300 million senior notes due 2026

Beijing, feb. 16, 2023 (globe newswire) -- chindata group holdings limited (“chindata group” or the “company”) (nasdaq: cd), a leading carrier-neutral hyperscale data center solution provider in asia-pacific emerging markets, announced that it has priced its u.s.$300,000,000 in aggregate principal amount of senior notes due 2026 (the “notes”). the notes were assigned bbb- by fitch. it will bear interest at a coupon rate of 10.500% per annum and will be issued at a price of 99.061% of the aggregate principal amount. the offering of notes attracted unprecedented strong support from high quality investors in apac and emea, with the final order books reaching over us$980million. morgan stanley & co. international plc and credit suisse (hong kong) limited acted as joint global coordinators, joint bookrunners and joint lead managers, dbs bank ltd acted as joint bookrunner and joint lead manager.
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