IREN Raises $2 Billion in Convertible Notes Offering at 0.25% and 1.00% Coupons

IREN Limited has priced a $2 billion convertible notes offering, consisting of $1 billion 0.25% convertible senior notes due 2032 and $1 billion 1.00% convertible senior notes due 2033. Both offerings were made to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933. The notes will have a 25% conversion premium and coupons of 0.25% and 1.00%, respectively.