Digital Core REIT Issues JPY 10 Billion Notes for Data Center Investment

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Digital Core REIT Issues JPY 10 Billion Notes for Data Center Investment

Digital Core REIT ( (SG:DCRU) ) just unveiled an announcement.

Digital Core REIT has announced the issuance of JPY 10 billion (approximately US$ 67 million) in fixed-rate notes due in 2030 under its Euro Medium Term Note Programme. The proceeds from this issuance will support an equity investment in a data center in Osaka and may also be used for general corporate purposes, including debt repayment, which could enhance the company’s operational capabilities and financial flexibility.

More about Digital Core REIT

Digital Core REIT is a real estate investment trust focused on investing in data centers. The company is involved in acquiring and managing properties that are essential for digital infrastructure, catering to the growing demand for data storage and processing facilities.

YTD Price Performance: -8.04%

Average Trading Volume: 3,411,362

Technical Sentiment Signal: Buy

Current Market Cap: $688.2M

For an in-depth examination of DCRU stock, go to TipRanks’ Stock Analysis page.

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