Blackstone-Backed QTS Kicks Off Data-Center Bond at Hefty Cost

AI Summary

Blackstone-backed QTS Realty Trust has initiated a high-grade bond sale with a high yield to fund the construction of a data center connected to Microsoft Corp, reflecting selective investor sentiment.

Blackstone-backed QTS Realty Trust Inc. units kicked off a high-grade bond sale to help fund construction of a data center tied to Microsoft Corp., offering a hefty yield to drum up demand from investors who’ve become more selective about what they’re willing to buy.