The Motley Fool

Nextdc Ltd (ASX:NXT) wants to raise more cash for growth

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.

4 Stocks for Building Wealth After 50

Renowned investor Scott Phillips just released a brand-new report detailing his 4 favourite stocks to buy right now.

And I don’t know about you, but I always pay attention when some of the best investors in the world give me a stock tip.

This is your chance to get in at the very beginning of what could prove to be very special investments.

Click here to get started today!

Motley Fool contributor Kevin Gandiya has no position in any of the stocks mentioned.

You can find Kevin on Twitter @KevinGandiya.

The Motley Fool Australia owns shares of National Australia Bank Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

5 ASX Stocks for Building Wealth After 50

I just read that Warren Buffett, the world’s best investor, made over 99% of his massive fortune after his 50th birthday.

It just goes to show you… it’s never too late to start securing your financial future.

And Motley Fool Chief Investment Advisor Scott Phillips just released a brand-new report that reveals five of our favourite ASX stocks for building wealth after 50.

– Each company boasts strong growth prospects over the next 3 to 5 years…

– Most importantly each pays a generous dividend, fully franked.

Simply click here to find out how you can claim your FREE copy of “5 ASX Stocks for Building Wealth After 50.”

See the stocks now