Blackstone-Backed QTS Launches High-Grade Bond Sale for Microsoft Data Center
· Business · Bloomberg, TechCrunch
Blackstone-backed QTS Realty Trust units have launched a high-grade bond sale to help fund the construction of a data center tied to Microsoft. The offering includes an initial price talk in the area of 185 basis points over US Treasuries for a five-year green tranche. A longer 10-year tranche is also being marketed with price discussions starting around 205 basis points over benchmarks. The offering offers a hefty yield to drum up demand from institutional investors.
Why it matters
Institutional investors gain new yield opportunities in the expanding data-center infrastructure sector, while Blackstone and Microsoft advance their large-scale digital construction plans.
Read the original report — Bloomberg
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