Lates News

Thanks to the optimistic sentiment in the market following trading deals with several major technology companies, the junk bonds of CoreWeave, a cloud infrastructure company, have risen. As of 9:05 AM in New York (21:05 in Beijing), the bond with a face value of 100 cents and a coupon rate of 9.75% rose to 101.88 cents. The size of the bond was increased from the initial plan of $1.25 billion during the syndication process. Another convertible bond issued on the same day with an increased size of $3.5 billion has not yet started trading. This financing came shortly after CoreWeave announced a new agreement with Meta Platforms to supply AI computing products. On Friday, Anthropic agreed to lease data center capacity from CoreWeave to meet the growing demand for its AI services. CoreWeave's stock rose over 6% during the trading day.