Nextdc Ltd (ASX: NXT), the data centre operator, is looking to raise capital via an Australian dollar denominated corporate bond issue and has engaged National Australia Bank Ltd. (ASX: NAB) to run the offer. That's according to a report by the Australian Financial Review.
This follows a $281 million equity raising that the company announced in April with the intention of using the proceeds to purchase property sites for future data centre developments.
Details are yet to emerge of how the bond issue will be priced but I'm sure Nextdc will want to take advantage of the low interest rates to raise cheap funding.
Nextdc is looking to consolidate its market leading position and take advantage of growing demand for cloud computing.
While I like Nextdc, I think these 4 shares could be the best shares to buy right now.
