The Terms list shows that the base offer is between $772 million and $812 million, while the over-allotment option will increase by another $51.5 million. The cornerstone investors of the Trust include the Government Investment Corporation of Singap...
The Terms list shows that the base offer is between $772 million and $812 million, while the over-allotment option will increase by another $51.5 million.
The cornerstone investors of theTrust include the Government Investment Corporation of Singapore (GIC), which agreed to invest approximately US$100 million (about S$127 million).
According to the preliminary prospectus submitted by the Trust last Friday, the Data Center Trust has a total of six data centers, distributed in the United States, Austria and Singapore.
If the yield is set to 7.5%, the over-allotment will be exercised. If fully exercised, NTT will hold 20% of the trust.
Reuters reported this information on Monday (June 30) based on a list of terms that began with the logo invitation pricing process.
Nippon Telegraph & Telephone Corp., referred to as NTT) launched a data center real estate investment trust listed in Singapore. If the fundraising scale includes over-allotment options, it will reach US$864 million (S$1.1 billion).
NTT said on Monday in response to a Reuters request for comment by email: "We cannot provide more details except for the details of our company's formal announcement."
TheTerms list also shows that the trust can have a market value of up to $1 billion. Invitation pricing will end on Friday and the listing date is scheduled for July 14.
The Singapore Exchange announced measures to strengthen the stock market in February, including providing 20% tax rebates to first-listed companies. Following this announcement, companies seeking to listing have become increasingly interested in the SGX.
