The bloodbath at ASX-listed data centre giant NextDC – which is facing questions about its financial health after a significant delay at a critical Melbourne asset – appears to have spread to a new casualty: UBS.
That pain dated back to September 9, when the Swiss investment banking giant was the sole arranger, lead manager and book runner on a $1.1 billion issue of convertible notes. NextDC subsequently revealed the conversion price was $16.695, or a 32 per cent premium to where shares were trading.
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