By Aleesia Forni
Virginia Beach, June 18 – Digital Realty Trust, LP sold an upsized $500 million of 3.95% seven-year green bonds on Thursday at Treasuries plus 200 basis points, according to a market source.
The notes (Baa2/BBB/) sold on top of talk, which had firmed from initial price thoughts in the range of Treasuries plus 210 bps to 215 bps.
Bookrunners are BofA Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC.
Proceeds will be used to fund eligible green projects.
The notes are guaranteed by Digital Realty Trust, Inc.
The manager and owner of technology-related real estate is based in San Francisco.
| Issuer: | Digital Realty Trust LP
|
| Guarantor: | Digital Realty Trust, Inc.
|
| Amount: | $500 million, upsized from $350 million
|
| Description: | Green bonds
|
| Maturity: | July 1, 2022
|
| Bookrunners: | BofA Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC
|
| Coupon: | 3.95%
|
| Spread: | Treasuries plus 200 bps
|
| Trade date: | June 18
|
| Settlement date: | June 23
|
| Ratings: | Moody’s: Baa2
|
| Standard & Poor’s: BBB
|
| Fitch: BBB
|
| Price guidance: | Treasuries plus 200 bps, tightened from Treasuries plus 210 bps to 215 bps
|
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