The manager of AIMS APAC REIT has priced $250 million worth of subordinated perpetual securities (or the Series 003 perpetual securities) on Sept 1.
The securities will be issued under the REIT’s $750 million multicurrency programme and will bear a coupon rate of 5.375% per annum.
The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (HSBC), Oversea-Chinese Banking Corporation Limited (OCBC) and United Overseas Bank Limited (UOB) were the joint lead managers.
The REIT has already received approval in-principle from the SGX-ST for permission to deal in and the listing and quotation of the perpetual securities on the SGX-ST.
The perpetual securities will be admitted on the SGX-ST’s official list on Sept 2, at 9am.
Units in AIMS APAC REIT closed 1 cent lower or 0.65% down at $1.54 on Sept 1.
Photo: AIMS APAC REIT
