Viva Industrial Trust Management secures S$100m loan

VIVA Industrial Trust Management has been granted a six-month unsecured loan facility of S$100 million from HSBC.

The loan, which was secured through a trustee of Viva Industrial Real Estate Investment Trust (VI-Reit), will be used to repay the existing S$100 million 4.15 per cent Series 001 notes due on Sept 19, 2018.

The existing notes were issued under the S$500 million multicurrency medium term note programme established on Aug 28, 2014 by a wholly owned subsidiary of VI-Reit, with the Reit trustee as a guarantor.