RHT Health Trust completes redemption of S$120m in notes
THE manager of RHT Health Trust has redeemed in full notes worth S$120 million on their due date, it said on Wednesday. These notes had carried a coupon of 4.5 per cent per annum.
The redemption followed the completed sale of the trust's entire portfolio of healthcare assets to its controlling unitholder Fortis Healthcare for about S$895.55 million. The sale was completed this month.
It added that the RHT Group has earlier this month repaid bank loans with UOB and the Siemens Bank, Singapore branch of S$55 million, as well as a loan of S$53 million taken from IndusInd Bank Limited.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Meituan to debut in Riyadh as expansion beyond China quickens
Mapletree Industrial Trust to distribute S$13 million of divestment gains over next 4 quarters
K-pop agency Hybe’s internal strife wipes out 1.2 trillion won
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
Hong Kong bourse regains favour on hopes of a market revival
Chinese sellers go to TikTok school to reach buyers abroad