Akamai Seeks to Raise $2.6 Billion in Convertible Bond Offering

Akamai Technologies Inc. is seeking to raise $2.6 billion in a convertible bond offering to fund spending on cloud computing infrastructure.

The cybersecurity and cloud computing firm is offering two $1.3 billion tranches of zero coupon bonds, one due in 2030 and the other in 2032, according to a statement Monday. The bonds are expected to price on Tuesday after the market closes in New York, according to terms of the deal seen by Bloomberg News.