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NetLink NBN ( (SG:CJLU) ) just unveiled an update.
NetLink NBN Trust has announced a bond subscription agreement with NetLink Trust and DBS Bank Ltd. to issue S$300 million in bonds, funded by the proceeds from its Series 001 Notes. The bonds, with a 20-year tenor and a fixed interest rate of 10.5% per annum, will finance and partially refinance NetLink Trust’s onshore infrastructure projects. If the bonds qualify as project debt securities, interest income from them will be exempt from Singapore income tax, potentially allowing NetLink NBN Trust to distribute tax-free cash flow to its unitholders.
The most recent analyst rating on (SG:CJLU) stock is a Buy with a S$0.98 price target. To see the full list of analyst forecasts on NetLink NBN stock, see the SG:CJLU Stock Forecast page.
More about NetLink NBN
NetLink NBN Trust is a business trust established under the laws of Singapore, primarily involved in the telecommunications industry. It focuses on providing network infrastructure services, operating under the regulatory framework of the Infocomm Media Development Authority.
Average Trading Volume: 4,633,878
Technical Sentiment Signal: Buy
Current Market Cap: S$3.66B
Find detailed analytics on CJLU stock on TipRanks’ Stock Analysis page.