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

Wednesday, Dec 3, 2025 6:26 am ET1min read

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.

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