ESR REIT (SGX:J91U) priced SG$125 million of 5.75% subordinated perpetual bonds, according to a filing with the Singapore Exchange on Thursday.
The bonds will be issued under the SG$750 million multicurrency debt issuance program.
DBS Bank and Oversea-Chinese Banking (SGX:O39) have been appointed as the joint lead managers for the bonds.
Proceeds from the issuance will be used for refinancing or repayment of existing borrowings, along with general working capital and capital expenditure requirement.
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