First REIT (SGX:AW9U) signed a foreign exchange forward transaction to hedge an additional 1 trillion Indonesian rupiah of its Siloam hospital divestment proceeds, according to a Tuesday filing with the Singapore Exchange.
Shares of the REIT were up over 2% in Wednesday's trading.
Following the transaction, the total hedging now covers around 95% of the 5.1 trillion rupiah divestment consideration.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments