IREN Limited completes $3 billion convertible senior notes issuance
According to GlobeNewsWire, Bitcoin mining company IREN Limited has completed the issuance of $3 billion convertible senior notes with a coupon rate of 1.00% and maturity in 2033. This offering includes an initial issuance of $2.6 billion and over allotment options of $400 million. Net income is approximately $2.96 billion, of which approximately $201.3 million is used to pay for capped call option trading costs, and the remainder is used for general corporate purposes and working capital.