Starhill Global REIT management prices $100m notes at 3.15%

It will be issued under Starhill Global REIT’s multicurrency debt programme.

Starhill Global REIT Management has priced $100m 3.15% notes due 2025 which will be issued under Starhill Global REIT’s $2b multicurrency debt issuance programme, according to a bourse filing.

DBS and UOB have been appointed as joint lead managers and bookrunners of the notes, which will bear a fixed interest rate of 3.15% per annum, payable semi-annually in arrear, and have a tenor of five years.

The notes may be redeemed in whole or in part on any interest payment date prior to the maturity date of 5 June 2025 at the make-whole amount together with interest arising from the date fixed for redemption.

Application will be made to the SGX-ST for permission to deal in and the quotation of the notes, and will be granted when the notes have been admitted to the official list of the SGX-ST.