AIMS APAC REIT Management Limited, as manager of AIMS APAC REIT, said on Feb, 26 2026 that the trustee of the REIT has priced 100 million Singapore dollars of 4.25 per cent perpetual securities (Series 006).
The securities, to be issued on Mar, 09 2026 under a 750 million Singapore dollars multicurrency debt issuance programme, carry no fixed maturity. The initial coupon of 4.25 per cent runs from Mar, 09 2026 to Sep, 09 2031, after which the rate resets every five years to the five-year SORA overnight indexed swap plus a 2.59 per cent spread.
The issuer may redeem the notes at par on Sep, 09 2031 or on any subsequent distribution payment date. DBS Bank, Oversea-Chinese Banking Corporation and United Overseas Bank are joint lead managers and bookrunners.
Net proceeds will be used to refinance existing borrowings, fund capital expenditure and working capital, support investments and acquisitions, and may also refinance an outstanding 250 million Singapore dollars fixed-rate subordinated perpetual security.
The REIT will apply to list the new securities on the Singapore Exchange.
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