The notes, which will be issued on Apr 9, is part of its US$750 mil euro medium-term note programme announced on March 26.

The manager of Digital Core REIT has priced JPY10 billion ($90 million)1.97% fixed rate notes due 2030, which will be issued on Apr 9, as part of its US$750 million euro medium-term note programme (EMTN).  

The REIT announced the establishment of its US$750 million EMTN on March 26, and appointed Mizuho Securities (Singapore) as the sole arranger and dealer.

The notes which are unsecured, un-rated and unlisted, will mature on Apr 9, 2030. 

The REIT says that the net proceeds from the issue of the notes will be used to fund an equity investment in Osaka 3 GK, which owns a data centre located at Lot 2-1, 6-Chrome, Ao-kita, Saito, Minoh-City, Osaka, and or for other general corporate purposes including repayment of existing borrowings.

Digital Core REIT also announced on March 26 that it acquired a 20% stake in a freehold data centre in Osaka from Mitsubishi Corporation for JPY13 billion. 

Units in Digital Core REIT closed 0.5 US cents higher or 0.971% up at 52 US cents on Apr 2.