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Soilbuild Business Space Reit to issue S$65m in subordinated perpetual securities
SOILBUILD Business Space Reit is issuing S$65 million in subordinated perpetual securities at a coupon rate of 6 per cent per annum.
The perpetual securities - which come under its S$500 million multi-currency debt issuance programme established previously - are expected to be issued on Sept 27.
The net proceeds arising from the issue of the securities will be used for financing the general corporate purposes of Soilbuild Reit and its subsidiaries, including acquisitions and/or investments.