perpetual securities

SINGAPORE (July 13): ARA Asset Management is issuing $300 million worth of perpetual securities carrying a coupon of 5.2%.

SINGAPORE (Nov 15): OCBC Investment Research has maintained its “buy” call on Lippo Malls Indonesia Retail Trust (LMIRT) with an unchanged fair value of 40 cents

SINGAPORE (Oct 20): OCBC Investment Research is maintaining its “hold” call on First Real Investment Estate Trust (REIT) with an unchanged fair value of $1.36, despite noting a “steady set of 3Q16 results”.

SINGAPORE (Aug 23): Securities issued by Hyflux have been under selling pressure since Aug 12. Besides its shares falling 5.7% to 50 cents, a tranche of perpetual securities the company issued only in May with a coupon of 6% have fallen 6.5% below par to

SINGAPORE (July 14): Olam International is to issue US$500 million ($674 million) of perpetual capital securities under its US$5 billion Euro Medium Term Note (EMTN) Programme.

SINGAPORE (May 27): Pawnbrokers Valuemax Group is issuing $50 million worth of fixed notes due 2018 at 5.5%.

SINGAPORE (May 17): Water company Hyflux is offering up to $300 million in perpetual capital securities.

SINGAPORE (May 16): Mapletree Logistics Trust is planning to issue $250 million fixed rate perpetual securities.