Stoneweg Europe Stapled Trust Invests EUR50 Million in AiOnX

MT Newswires

03/26

Stoneweg Europe Stapled Trust (SGX:SET) invested an additional 50 million euros in AiOnX, a private European data center platform, via a mandatory convertible loan, according to a Thursday filing with the Singapore Exchange.

The coupon payment for the loan is 7.25% on a semi-annual basis, with first payment due six months from closing.

Meanwhile, the coupon represents around 2% of annualized DPS accretion.

The investment is part of the trust's strategy to cater to European data center demand.

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