Japan's NTT ropes in banks for $1b data centre REIT IPO in Singapore

Japan's NTT ropes in banks for $1b data centre REIT IPO in Singapore

FILE PHOTO: The logo of NTT (Nippon Telegraph and Telephone Corporation) is displayed at the company office in Tokyo, Japan September 29, 2020. REUTERS/Issei Kato

Japan’s Nippon Telegraph & Telephone Corp (NTT) has appointed Bank of America and UBS to work on a $1 billion data centre real estate investment trust listing in Singapore, two sources with knowledge of the matter said.