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VNET Group, Inc. Announces Repurchase of 30% of Its Convertible Senior Notes due 2027

Source: Nasdaq

Credit & Bond MarketsCompany Fundamentals

VNET Group repurchased approximately US$75.3 million in aggregate principal amount of its US$250.0 million 2.00% Convertible Senior Notes due 2027, representing about 30% of the outstanding notes. The announcement provides no further details on funding or the terms of the repurchases.

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