AA Reit to issue S$50m 3.6% 5-year bonds

Singapore

AIMS AMP Capital Industrial Reit, or AA Reit, said on Friday morning that it has strengthened its debt profile with a S$50 million issue of 3.6 per cent fixed rate notes due March 22, 2022.

The unsecured notes are in denominations of S$250,000. Net proceeds will be used to partially repay a credit facility of the real estate investment trust (Reit) due in November.