Financial Wire

Lendlease Global Commercial REIT Prices SG$120 Million Worth of Bonds

-- Lendlease Global Commercial REIT (SGX:JYEU) priced SG$120.0 million worth of 4.28% perpetual bonds under its SG$1 billion multicurrency debt issuance program, according to a Tuesday filing with the Singapore Exchange.

Shares of the REIT were down nearly 1% in Wednesday trading.

The bonds will be issued on April 23, the filing said.

DBS Bank and Oversea-Chinese Banking Corp. or OCBC (SGX:O39) were appointed as joint global coordinators, while DBS Bank, OCBC and United Overseas Bank (SGX:U11) were named as joint lead managers and bookrunners for the bonds.

Net proceeds raised from the issue will be used to refinance existing borrowings.

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Lendlease Global Commercial REIT Prices SG$120 Million Worth of Bonds | Financial Wire