ST Telemedia GDC raises $338 million in SLP securities

Singapore's ST Telemedia Global Data Centres (STT GDC) announced this week that it has raised $338.14 million in sustainability-linked perpetual securities.

This loan falls under the company's $1.13bn multicurrency debt issuance program will be used for "general corporate purposes" such as the refinancing of other borrowings, investments, acquisitions, and general capital expenditure of the company and its subsidiaries.

Nelson Lim, group CFO, STT GDC said, “The strong response from the investor community for our maiden perpetual securities issuance is a testament to our commitment to achieve our growth and expansion strategy while not compromising our sustainability goals.”

He added, “Our inaugural SLP issuance, leveraging on our Sustainability-Linked Financing Framework, attracted keen interest from investors, including top-tier institutional investors, seeing a book-building process that saw strong demand from top-tier institutional investors, reflected in the peak order book in excess of S$1 billion."