Suntec REIT (SGX:T82U) launched and priced SG$175.0 million of 3.40% bonds due 2031 under its $2.00 billion euro medium-term bonds program, according to a Thursday filing with the Singapore Exchange.
The bonds will be unconditionally and irrevocably guaranteed by Suntec REIT Trustee while DBS Bank and United Overseas Bank have been appointed as joint lead managers for the issue.
Net proceeds will be used for working capital purposes, existing borrowings, financing or refinancing acquisitions or investments.
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