NTT seeks up to $864 million in data centre REIT’s Singapore IPO, term sheet shows
SYDNEY/SINGAPORE: Japanese telecom giant NTT is seeking to raise roughly $864 million in a Singapore IPO for a data centre REIT if an overallotment option is included, according to a term sheet that marked the start of the bookbuilding process.
NTT DC REIT’s portfolio comprises six data centre assets located in the United States, Austria and Singapore, according to a preliminary prospectus filed on Friday.
The value of the base offering is between $772 million and $812 million while the overallotment option would add another $51.5 million, the term sheet sheet showed.
