ESR REIT (SGX:J91U) said its trustee Perpetual (Asia) plans to redeem all of the outstanding perpetual securities worth about SG$75.3 million at a distribution rate of 6.632% on May 3, according to a Thursday filing with the Singapore Exchange.
The securities were issued under the issuer's SG$750 million multicurrency debt issuance program.
Shares of the REIT were up over 2% in recent trading.