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perpetual securities
REITs
Features that make perpetual securities of REITs more equity-like than debt
Certain features make perpetual securities - which are back in fashion - more equity-like than debt-lik
June 11, 2021
Funds
OUE Lippo Healthcare launches recapitalisation plan in bid to build sustainable capital structure
Shares in OUE Lippo Healthcare closed flat at 3.7 cents on Feb 23.
February 23, 2021
Banking & finance
UOB prices Singapore's first capital securities with reset coupon rate that references SORA Overnight Indexed Swap rate
The securities are priced at a coupon of 2.25% per annum, 181 basis points above the prevailing five-year SORA-OIS as at Jan 7.
January 08, 2021
Company in the news
Vallianz exercises right to defer distribution for US$22.5 mil perpetual securities
The payment of distribution was supposed to be due on Jan 5.
January 05, 2021
REITs
LMIRT elects not to pay distributions on the $120 mil 6.6% perpetual securities
The distributions were scheduled to be paid on Dec 19.
December 15, 2020
REITs
Starhill Global REIT prices $100 mil perpetual securities with 3.85% coupon under $2 bil multicurrency debt issuance programme
Distributions under the Series 002 Perpetual Securities shall be payable semi-annually in arrear on June 15 and Dec 15 annually.
December 10, 2020
Broker's Calls
Suntec REIT trustee issues $200 mil perpetual securities under US$2 bil Euro Medium Term Securities Programme
Approval in-principle has been received from the SGX-ST.
October 27, 2020
REITs
Keppel REIT issues $150 mil 3.15% subordinated perpetual securities under its Series 004 Tranche 002 Securities programme
Units in Keppel REIT closed flat at $1.09 on Oct 7.
October 07, 2020
REITs
Ascendas REIT prices $300 mil green perpetual securities, first in Asia
This also marks the second green issuance under A-REIT’s green finance framework.
September 10, 2020
REITs
LMIRT will pay distributions for its $120 mil 6.6% perpetual securities; deposits $4.0 mil with Citibank for coupon payment
The manager of Lippo Malls Indonesia Retail Trust (LMIRT) has announced Monday that it will be making the distribution payment according to the terms and conditions of the perpetual securities.
June 15, 2020