AIMS APAC REIT Prices SG$150 Million Worth of Bonds
MT Newswires
Jan 13
AIMS APAC REIT (SGX:O5RU) priced SG$150 million worth of 4.10% perpetual bonds under its SG$750 million multicurrency debt issuance program, according to a Monday filing with the Singapore Exchange.
Shares of the REIT were up nearly 1% in Tuesday trading.
DBS Bank, Oversea-Chinese Banking Corp. or OCBC (SGX:O39) and United Overseas Bank (SGX:U11) were appointed as joint lead managers and bookrunners for the Series 005 perpetual bonds which are expected to be issued on Jan. 21.
Net proceeds from the issuance will be used to refinance existing borrowings, general working capital and to refinance the existing SG$250 million fixed rate subordinated bonds.
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