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NetLink NBN ( (SG:CJLU) ) has shared an update.
NetLink NBN Trust, through its subsidiary NetLink Treasury Pte. Ltd., has issued S$300 million in notes due 2035 under its S$1 billion Multicurrency Debt Issuance Programme. The notes, guaranteed by the Trustee-Manager, will be listed on the Singapore Exchange, with DBS Bank Ltd. and Oversea-Chinese Banking Corporation Limited as joint lead managers. This issuance strengthens NetLink NBN’s financial position and underscores its strategic focus on expanding its network infrastructure, with implications for stakeholders regarding the stability and governance of the Trustee-Manager.
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 based in Singapore, primarily engaged in the telecommunications industry. It focuses on providing high-speed broadband network services and infrastructure, playing a critical role in the country’s digital connectivity landscape.
Average Trading Volume: 4,633,878
Technical Sentiment Signal: Buy
Current Market Cap: S$3.66B
For a thorough assessment of CJLU stock, go to TipRanks’ Stock Analysis page.