The series 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.
ST Telemedia Global Data Centres’ debut perpetual securities offering marked several firsts in the industry — it was 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.
The securities are expected to be listed on the SGX-ST on or about Feb 1.
