Back 17 Jun 2025

Suntec REIT Issues S$250 Million Fixed Rate Perpetual Securities Under Euro MTN Programme

Link: https://links.sgx.com/1.0.0/corporate-announcements/7ABN0GJVC61QOATB/ae9512a9d1b5f4c610e2951186fa100e911000e7031b3d7690d7f16539ba1455

Summary:

  • Suntec REIT has issued S$250 million in fixed rate subordinated perpetual securities under its US$2 billion Euro Medium Term Securities Programme.

  • The issuance was completed on 17 June 2025, with DBS Bank Ltd. and OCBC as joint lead managers.

  • Net proceeds will be used for refinancing existing borrowings, including a S$200 million perpetual security callable in October 2025, as well as for working capital and capex needs.

  • The securities will be listed on the Singapore Exchange (SGX-ST), with trading set to begin at 9:00 a.m. on 18 June 2025, pending final admission.

  • This move strengthens Suntec REIT’s capital structure while aligning with its long-term funding strategy.

  • As of 31 December 2024, Suntec REIT manages over S$12 billion in assets, including commercial properties across Singapore, Australia, and the UK.

  • The REIT is managed by ESR Trust Management (Suntec) Limited, part of ESR Group, a leading Asia-Pacific real asset manager focused on logistics, data centres, and infrastructure.