Wire
NEXTDC prices A$1.1B for AI data centers
NEXTDC priced A$1.1 billion of subordinated convertible notes to fund its Australian data-centre development pipeline, with a 1.75% coupon and a 2031 maturity, according to the company’s ASX release. It expects about A$1.006 billion net after capped-call costs, so operators should treat this as committed financing—not commissioned megawatts—and keep delivery gates on power, grid connections, land, and customers alongside Figure’s staged Nscale compute reservation.