They have no fixed final redemption date.
The manager of Lendlease Global Commercial REIT (LREIT) has priced $120 million worth of perpetual securities (perps) with a fixed rate of 4.28% per annum.
The perps, issued under LREIT’s $1 billion multicurrency debt issuance programme, will be offered denominations of $250,000 or integral multiples thereof.
