Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Keppel DC REIT ( (SG:AJBU) ) has issued an announcement.
Keppel DC REIT, through its wholly owned financing vehicle Keppel DC REIT MTN Pte. Ltd., has priced €50 million of floating rate notes due 2031 under its S$2 billion multicurrency debt issuance programme, with the notes unconditionally and irrevocably guaranteed by the REIT’s trustee. The euro-denominated notes, carrying a quarterly coupon pegged to three-month EURIBOR plus a spread and issued at par in €100,000 denominations, will be used for general corporate purposes including refinancing existing debt, and include a manager-removal event-of-default clause that could trigger cross defaults across about S$3.22 billion of the group’s facilities if breached, though no such breach has occurred to date.
The most recent analyst rating on (SG:AJBU) stock is a Buy with a S$2.37 price target. To see the full list of analyst forecasts on Keppel DC REIT stock, see the SG:AJBU Stock Forecast page.
More about Keppel DC REIT
Keppel DC REIT is a Singapore-based real estate investment trust focused on acquiring, developing and managing data centre assets. It offers investors exposure to the growing demand for digital infrastructure, with a portfolio of facilities that support cloud services, colocation and other data-intensive operations across various markets.
Average Trading Volume: 9,538,034
Technical Sentiment Signal: Buy
Current Market Cap: S$5.44B
For detailed information about AJBU stock, go to TipRanks’ Stock Analysis page.