China Data Center Firm Vnet Mulls Dollar Bond to Fund Expansion

Vnet Group Inc., one of China’s largest data center operators, is weighing funding options including a dollar bond sale to expand capacity as a race for dominance intensifies in the country’s AI industry.

Several investment banks have been sounding out investor appetite for a potential three-year US-currency debt offering with a yield of about 9%, according to people familiar with the matter, adding that details aren’t set and could change.