AIMS APAC REIT Issues $150 Million 4.10% Subordinated Perpetual Securities

TigerNews_SG
01-22

AIMS APAC REIT (AAREIT) has successfully issued $150 million in subordinated perpetual securities, carrying a 4.10% coupon rate. This issuance was executed under its established $750 million multicurrency debt issuance program.

These perpetual securities, designated as Series 005 Perpetual Securities, were brought to market with DBS, OCBC, and UOB acting as the joint lead managers and bookrunners for the transaction.

The securities are scheduled to be officially listed on the Singapore Exchange Securities Trading Limited (SGX-ST), with admission expected to take place at 9 a.m. on January 22.

On January 21, units of AIMS APAC REIT concluded trading one cent lower, representing a decline of 0.649%, to close at $1.53.

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