283 views

ESR-Logos Reit’s trustee priced subordinated perpetual securities at $150m

The net proceeds of the issuance will be used to fund the merger.

RBC Investor Services Trust Limited, the trustee of ESR-Logos Reit, rolled out and priced $150m of 5.50% subordinated perpetual securities under the Series 008.

According to ESR-Logos Management, the Series 008 Securities will be issued under ESR-Logos Reit’s $750m multicurrency debt issuance programme. 

The appointed joint lead managers for the series are DBS Bank Limited, Oversea-Chinese Banking Corporation Limited, and United Overseas Bank Limited.

Further, net proceeds from the issuance of the Series 008 securities, after deducting issue expenses, will be used to refinance cash consideration of the merger of ESR-Logos Reit and Ara Logistics Trust, refinancing the existing borrowings of ESR-Logos Reit and its subsidiaries, financing or refinancing the acquisitions and/or investments and any development and/or asset enhancement works of the Group.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!