ESR-LOGOS REIT prices $150 mil worth of subordinated perpetual securities with 5.50% p.a. coupon

The manager of ESR-LOGOS REIT has launched and priced $150 million worth of subordinated perpetual securities comprised in Series 008.

The SGD-denominated securities will be drawn down under the REIT’s $750 million multicurrency debt issuance programme. An initial distribution rate of 5.50% per annum (p.a.) is payable semi-annually in arrear from the period between June 9 to June 9, 2027.