The SGD-denominated notes will carry a coupon of 2.23% per annum and will be drawn down under the REIT’s $2 billion multicurrency debt issuance programme.
The manager of Starhill Global REIT has priced $125 million worth of notes due 2028.
The notes were issued by Starhill Global REIT MTN, a wholly-owned subsidiary of the REIT’s trustee, HSBC Institutional Trust Services. The notes are guaranteed by HSBC Institutional Trust Services.
