Staff Reporter
,
Singapore
Photo from Unsplash by Allison Saeng
Funds raised will be used for acquisitions and investments.
ESR-Logos Real Estate Investment Trust (REIT) issues new $100m perpetual capital securities priced at 6%.
This adds to the $74.8m it issued earlier in August 2024. Both securities are part of the trust’s $750m Multicurrency Debt Issuance Programme.
ESR-Logos REIT plans to use the proceeds for acquisitions and investments.
The new securities are redeemable by 20 August 2029 and payable semi-annually in arrears.
OCBC is the sole lead manager of the issuance.
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