Lendlease Reit's perp issue signals potential acquisition: CGS-CIMB
Add BT as a preferred source
Singapore
A RECENT fundraising initiative by Lendlease Global Commercial Real Estate Investment Trust (LReit) could be a sign that an acquisition is on the way, said brokerage CGS-CIMB in a Tuesday report.
LReit had last month issued S$200 million in perpetual securities at 4.2 per cent per annum. The issue was upsized from S$150 million, with a tightened price from the initial guidance of 4.35 per cent, after strong demand led to oversubscription.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
UOB Q1 net profit dips 4% to S$1.44 billion; beats expectations
Are Keppel’s dividends truly unsustainable – or just misunderstood?
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
