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HSBC Institutional Trust Services
Broker's Calls
Internalisation comes at a cost and Sabana REIT is fully valued, DBS says
Sabana REIT is fully valued says DBS due to cost of internalisation coupled with lenders' response to change of control
January 26, 2024
REITs
Sabana REIT's trustee appoints FTI Consulting as its financial adviser on steps taken to implement resolutions
Sabana Industrial REIT's trustee appoints FTI Consulting as its financial adviser to implement internalisation
August 29, 2023
REITs
CICT issues $460 mil notes due 2028 with 2.10% p.a. coupon
Units in CICT closed 1 cent lower or 0.5% down at $2.09 on March 8.
March 08, 2021
REITs
CapitaLand Retail China Trust divests entire interest in Wuhan entity which holds CapitaMall Minzhongleyuan for $52.6 mil
The agreement was signed on Jan 11 by HSBC Institutional Trust Services’ wholly-owned subsidiary Somerset (Wuhan) Investments.
January 11, 2021
REITs
CICT issues $250 mil in fixed rate notes due 2032 with 2.15% p.a. coupon
The notes have been granted approval-in-principle by the Singapore Exchange Securities Trading Limited.
December 07, 2020
REITs
Unitholders of Starhill Global REIT may now opt to receive new units instead of cash through distribution reinvestment plan
The DRP was established on Oct 28. It has been approved by unitholders at the annual general meeting (AGM) held on the same day.
October 28, 2020
Broker's Calls
Suntec REIT trustee issues $200 mil perpetual securities under US$2 bil Euro Medium Term Securities Programme
Approval in-principle has been received from the SGX-ST.
October 27, 2020
Funds
Suntec REIT manager increases Euro Medium Term Note Programme to US$2 bil
The said programme has been renamed as the US$2 billion Euro Medium Term Securities Programme.
October 16, 2020
M&A
Mapletree Logistics Trust to divest Bukit Batok property to Vicom for $22.4 mil
SINGAPORE (Sept 4): Mapletree Logistics Trust (MLT) is divesting its property on 531 Bukit Batok Street 23 to Setsco Services, subsidiary of Vicom, for a consideration of $22.4 million.
September 04, 2018
Property
Ascendas REIT to divest 10 Woodlands Link for $19.3 mil
SINGAPORE (May 31): The manager and trustee of Ascendas REIT (A-REIT) have entered into a sale and purchase agreement with Sengkang Import & Export for the sale of 10 Woodlands Link for $19.28 million.
May 31, 2017