BEIJING, March 15, 2013 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (VNET) ("21Vianet" or the "Company"), the largest carrier-neutral Internet data center services provider in China, today announced that the Company has priced the offering of RMB1 billion (approximately equivalent to US$160.9 million1) in aggregate principal amount of bonds due 2016 with a coupon rate of 7.875% per annum (the "Bonds"). The Bonds are denominated in RMB and are being offered outside the United States in reliance on Regulation S under the Securities Act of 1933, as amended.
Interest on the Bonds is payable semi-annually in arrears on, or nearest to, March 22 and September 22 in each year, beginning on September 22, 2013. The Bonds are not rated.
The Company intends to use the Bonds proceeds for data center expansion and other general corporate purposes.
The Bonds has been approved in principle to be listed and quoted on the Official List of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). Admission of the Bonds to the Official List of SGX-ST is not to be taken as an indication of the merits of the Company and its subsidiary or affiliated entities or the Bonds.
Barclays Bank PLC acted as the sole global coordinator and joint Bookrunner for the transaction. Other joint Bookrunners include CITIC Securities Corporate Finance (HK) Limited, DBS Bank Ltd., and Wing Lung Bank Limited.
The Company expects to close the Bonds offering on or about March 22, 2013, subject to the satisfaction of customary closing conditions.
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any of the Bonds, and shall not constitute an offer, solicitation or sale of the Bonds in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.
This press release contains information about the pending offering of the Bonds, and there can be no assurance that the offering will be completed.
21Vianet Group, Inc. is the largest carrier-neutral Internet data center services provider in China. 21Vianet provides hosting and related services, managed network services, cloud computing infrastructure services and content delivery network services, improving the reliability, security and speed of its customers' Internet connections through 21Vianet's Internet infrastructure. Customers may locate their servers and networking equipment in 21Vianet's data centers and connect to China's Internet backbone through 21Vianet's extensive private fiber optic network.
Safe Harbor Statement
This announcement contains forward-looking statements. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Further information regarding these and other risks is included in 21Vianet's reports filed with, or furnished to the Securities and Exchange Commission. 21Vianet does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of this press release, and 21Vianet undertakes no duty to update such information, except as required under applicable law.
1 Based on the noon buying rate of RMB6.2145 to US$1.00 in New York City for cable transfers in RMB as certified for customs purposes by the Federal Reserve Board in effect as of March 8, 2013.
21Vianet Group, Inc.
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