Suntec REIT Proposes Issue of SG$250 Million Worth of Bonds

MT Newswires

06/11

Suntec REIT (SGX:T82U) priced SG$250 million worth of fixed rate subordinated perpetual bonds, according to a filing with the Singapore Exchange on Tuesday.

The bonds will be issued under the $2 billion euro medium term securities program, with DBS Bank and Oversea-Chinese Banking appointed as joint lead managers.

The bonds are expected to be issued on June 17, with proceeds to be used to refinance existing borrowings and for general working capital needs.

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