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CoreWeave's newly issued junk bonds surge as investor optimism rises

CoreWeave's newly issued junk bonds surge as investor optimism rises

格隆汇格隆汇2026/04/10 14:13
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Glonghui, April 10 | Benefiting from deals with several major technology companies, market optimism toward cloud infrastructure company CoreWeave has increased, and the company’s junk bonds have risen. As of 9:05 a.m. New York time (21:05 in the UTC+8 time zone), the bonds with a coupon rate of 9.75% and a face value of 100 cents climbed to 101.88 cents. During the syndicated sale, the scale of the bond was expanded from the initially planned $1.25 billion. Data shows that another convertible bond issued the same day, which was expanded to $3.5 billion, has not yet started trading. This financing is the company’s latest, taking place just hours after CoreWeave announced a new deal to supply artificial intelligence computing products to Meta Platforms. On Friday, Anthropic agreed to lease CoreWeave’s data center capacity to meet the rapidly growing demand for its AI services. CoreWeave’s price surged more than 7% intraday.
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