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perpetual securities
Bonds and treasuries
Are fixed rate perpetuals diamonds in the rough?
We think the attractiveness of FFL perpetuals will hinge on the longer-term interest rates outlook
July 05, 2023
REITs
Foreign REITs continue to face challenges
LMIRT will not be paying distributions to perpetual security holders, triggering a dividend stopper (no DPU)
March 21, 2023
REITs
No distributions for $140 million perps says Lippo Malls Indonesia Retail Trust's manager
LMIRT's manager says it won't be paying distributions on its $140m of perps
March 20, 2023
Company in the news
Frasers Property will not be redeeming the $300 mil fixed rate subordinated perpetual securities on first call date
According to the group, the decision to do so was partly due to the current macroeconomic and interest rate environments.
December 17, 2022
Company in the news
GuocoLand will not be exercising redemption option on first call date of $400 mil subordinated perpetual securities
There will not be a reset of the distribution rate of the securities on Jan 23, 2023, which will remain at 4.60% p.a.
December 17, 2022
Bonds and treasuries
State of the SGD corporate perpetual market
Diamonds are forever, perpetuals may be likewise.
September 01, 2022
Bonds and treasuries
Credit Suisse offers perpetual securities with indicative yield of 9.75%
Credit Suisse's indicative coupon for perpetual securities is 9.75%
June 17, 2022
REITs
ESR-LOGOS REIT prices $150 mil worth of subordinated perpetual securities with 5.50% p.a. coupon
The SGD-denominated securities will be drawn down under the REIT’s $750 million multicurrency debt issuance programme.
June 03, 2022
REITs
Lendlease Global REIT upsizes perps issue to $200 mil
On Feb 14, LREIT announced plans to acquire its remaining interest in Jem for $2.08 billion.
April 04, 2022
Company in the news
SingPost issues $250 mil subordinated fixed rate perpetual securities with 4.35% p.a. coupon
The perpetual securities are expected to be issued on April 6.
March 31, 2022