Odaily Planet Daily report: Market optimism toward CoreWeave, a cloud infrastructure company, has intensified due to deals with several major tech firms, driving up its junk bonds. As of 9:05 a.m. New York time (21:05 Beijing time), the bond with a 9.75% coupon and a par value of $100 rose to 101.88 cents. During the syndicated sale, the bond's size expanded from the initially planned $1.25 billion.
Data shows that another convertible bond issued on the same day, with an increased size of $3.5 billion, has not yet begun trading. This financing round comes as the company’s latest move, just hours after CoreWeave announced a new agreement with Meta Platforms to supply AI computing products. On Friday, Anthropic agreed to lease CoreWeave’s data center capacity to meet growing demand for its AI services. CoreWeave rose more than 6% during intraday trading. (Jinshi)