$NBIS $5B senior convertable notes term details:
• $3B tranche due 2030 at 0.50%
• $2B tranche due 2034 at 4.50%
• Conversion prices of $313 and $325
• The deal is upsized from $4.5B to $5B
• $4.94B in net proceeds
The deal does not lead to extra dilution.
All in all very