ST Telemedia Global Data Centres’ debut perpetual securities offering marks several firsts in the industry — it is the first Singapore dollar denominated SLP, the first public benchmark SLP in Asia, as well as the first public perpetual by a pure play data centre globally.
ST Telemedia Global Data Centres has priced its $450 million sustainability-linked perpetual (SLP) securities due 2030 under the company’s $1.5 billion multicurrency debt issuance programme.
The securities will bear a coupon of 5.7% per annum, payable semi-annually in arrears with a tenor of six years, with net proceeds to be used for the company’s general corporate purposes.
