First REIT Signs Forex Forward Transaction to Hedge Proceeds from Siloam Deal

MT Newswires
06/10

First REIT (SGX:AW9U) signed a foreign exchange forward transaction to hedge an additional 1 trillion Indonesian rupiah of its Siloam hospital divestment proceeds, according to a Tuesday filing with the Singapore Exchange.

Shares of the REIT were up over 2% in Wednesday's trading.

Following the transaction, the total hedging now covers around 95% of the 5.1 trillion rupiah divestment consideration.

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