$3.1 billion Singapore dollar loan negotiation… STT GDC adds 165 basis points

STT GDC, a Singapore-based data center operator, is in negotiations with banks for a S$3.1 billion (approximately 3.25 trillion won) syndicated loan, Bloomberg reported on November 2, citing anonymous sources. The reported terms include a 3-year maturity with a 165 basis point margin over the Singapore Overnight Rate Average (SORA), plus an option to extend for up to 2 additional years. The 165bp is a spread added to SORA, not the all-in rate, which will depend on SORA levels and fees at the time of drawdown. The deal, if completed, would be a significant financing for the data center sector, reflecting continued lender appetite for digital infrastructure assets in Asia. Key details to watch include whether the loan is finalized at the reported terms, the final bank group composition, and any changes to pricing given rate conditions.