Super Micro Sells U.S.’s First Zero-Percent Convertible Bond Since 2022

Super Micro Computer has been one of the hottest stocks this year and the maker of high-end servers used for AI applications took advantage of that status to borrow at an ultralow interest rate. The securities have a zero-percent interest rate and a conversion premium of 37.5%. The average yield on convertible bonds priced this year has been around 3%, according to Michael Youngworth, the convertibles analyst at BofA Securities.