Kevin Goh, the CEO of CapitaLand Investment’s lodging business, has bought $250,000 in principal amount of CapitaLand Ascott Trust HMN ’s (CLAS) perpetual securities (perps).
The perps were bought via the market on Aug 30.
Following the purchase, Goh has $250,000 worth of debentures held in CLAS.
DBS Trustee, the trustee of the REIT, issued $150 million worth of subordinated perps on Aug 7 under the REIT’s $2 billion multicurrency debt issuance programme. The perps carried a coupon rate of 4.6% per annum. They were listed and quoted on the Singapore Exchange S68 Securities Trading Limited (SGX-ST) on Aug 8.
Units in CLAS closed 0.5 cents higher or 0.55% up at 91.5 cents on Sept 2.
