Blackstone-backed (BX) QTS has launched the sale of a 10-year investment-grade green bond amid the company's data center buildout in Fayetteville, Georgia, Bloomberg said Monday, citing a person familiar with the matter.
Initial price talk for the bond is a spread of about 1.625 percentage points over US Treasuries, the person said, according to the news outlet.
Moody's Ratings, the credit rating agency of Moody's (MCO), gave the offering a credit score of Baa2 and said that the proceeds will be used for refinancing credit facilities tied to the data center project, Bloomberg reported.
Blackstone, QTS did not immediately respond to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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