Sasseur REIT's Subsidiary Secures 508 Million Yuan Loan

MT Newswires06-09

Sasseur REIT's (SGX:CRPU) subsidiary, Sasseur Cayman Holding II, secured an unsecured sponsor loan agreement from DBS Trustee worth up to 508 million yuan, according to a Friday filing with the Singapore Exchange.

The loan has a five-year tenure, while the interest rate will be pegged to China's 5-year loan prime rate.

The subsidiary intends to utilize the loan to partially prepay existing offshore bank loans due in March 2026.

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