Fitch Ratings has assigned the securities a ‘BBB-’ rating.
The manager of Mapletree Industrial Trust (MINT) has announced that DBS Trustee, in its capacity as trustee for MINT, has priced $300 million of perpetual securities at 3.15% under MINT's $2 billion Euro Medium Term Securities programme.
The securities will bear an initial rate of distribution of 3.15% per annum for the first five years, following which the distribution will reset on May 11, 2026, with subsequent resets every five years thereafter.
