The proceeds arising from the notes issuance will be used towards refinancing the trust’s existing borrowings.
The manager of Mapletree Industrial Trust (SGX:ME8U
) (MIT) (SGX:ME8U) has issued $50 million worth of fixed-rate notes due 2027.
The notes will carry a coupon of 3.751% per annum (p.a.) and will be issued under MIT’s Euro medium term securities programme.
