Digital Core REIT (SGX:DCRU) priced 10 billion yen worth of 1.97% fixed rate bonds due 2030, under its $750 million euro medium term bond program, according to a Wednesday filing with the Singapore Exchange.
The bonds will be issued on April 9 and will bear interest at a fixed rate of 1.97% per annum. However, the bonds will not be listed as they are unsecured and un-rated.
The trust will use the proceeds to fund an equity investment in Osaka 3 GK, which owns a data center in Osaka, and for general corporate purposes.
Mizuho Securities has been appointed as the sole dealer for the offering.
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