NEXTDC (ASX:NXT) completed the AU$1.7 billion wholesale offering of subordinated hybrid securities, comprising both the initial AU$1 billion series and the AU$700 million delayed draw series, according to a Thursday filing with the Australian bourse.

Canada-based investment group La Caisse committed to subscribe for AU$1 billion and AU$700 million in the initial series and delayed draw series, respectively, the filing said.

Settlement and issue of the initial series are expected to take place on May 15, while the delayed draw series may be issued within 12 months from May 6, subject to customary conditions precedent, per the filing.