Issue of S$450 million perpetual securities by STT GDC Pte. Ltd.
Allen & Gledhill advised STT GDC Pte. Ltd. (“STT GDC”) on the issue of S$450 million 5.70% sustainability-linked perpetual (“SLP”) securities under its $1.5 billion multicurrency debt issuance programme.
This is the first public benchmark SLP in Asia, the first Singapore dollar-denominated SLP, and the first public perpetual securities issued by a pure play data centre.
Advising STT GDC were Allen & Gledhill Partners Margaret Chin, Delwin Singh, and Sunit Chhabra.
