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Trustee-manager of RHT Health Trust prices S$60m fixed notes due 2018

RHT Health Trust Manager Pte Ltd, the trustee-manager of RHT Health Trust, has priced the S$60 million fixed rate notes due 2018 with 4.50 per cent interest.

These fixed rate notes, to be issued on or about May 31, will form the Series 1 Tranche 2 notes of the Trustee-Manager's Programme established on Dec 5, 2014. They will be payable semi-annually in arrears.

This will bring the total amount of notes issued under the Programme to S$120 million.

DBS Bank Ltd and United Overseas Bank Limited have been appointed as joint lead managers for the offering of the Series 1 Tranche 2 Notes.

The net proceeds from the issue of the notes will be used by the trustee-manager for refinancing or repayment of its existing borrowings, the trustee-manager said.

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