SPH REIT launches $1b multicurrency debt issuance programme

Part of the proceeds can be used to fund potential acquisitions.

SPH REIT has established a $1b multicurrency debt issuance programme and appointed the Singapore branch of HSBC, and OCBC as the arrangers and dealers of the said programme, an SGX filing revealed.

Its perpetual securities will have no fixed maturities and may be issued in various amounts, may bear fixed or floating rates of distribution.

Furthermore, SPH REIT said that part of the proceeds can be used to fund potential acquisitions

“The Manager continually assesses acquisition opportunities in line with SPH REIT’s investment objective and general mandate of investing primarily in retail properties in the Asia-Pacific,” it said in the filing. “Discussions about the potential acquisition are still preliminary and there can be no assurance that the acquisition will materialise at all.”