Mapletree Industrial Trust Management Ltd., as manager of Mapletree Industrial Trust, said on Feb, 25 2026 that DBS Trustee Ltd., in its capacity as trustee of the trust, has priced 300 million Singapore dollars of 3.25% fixed-rate perpetual securities under its 2.0 billion Singapore dollars Euro Medium Term Securities Programme.

The securities, designated Series 006, will be issued at par and are expected to be settled on Mar, 4 2026. They carry a distribution rate of 3.25% per year until the first reset date on Mar, 4 2031, after which the rate will reset every five years to the prevailing five-year SORA OIS plus an initial spread of 1.596 percentage points.

Distributions are non-cumulative and payable semi-annually on Mar, 4 and Sep, 4, unless deferred at the issuer’s discretion. The notes are unsecured, subordinated obligations ranking pari passu with other parity obligations, and they may be redeemed in full on or after the first reset date or upon specified events.

Net proceeds will be used for general corporate purposes, including the refinancing of the trust’s existing 300 million Singapore dollars subordinated perpetual securities. Fitch Ratings is expected to assign the new securities a BBB- rating.

The manager intends to apply for the listing and quotation of the Series 006 perpetual securities on the Singapore Exchange; admission is expected on or about Mar, 5 2026, subject to regulatory approval.