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REIT perpetual securities
REITs
Cost of perpetual securities' reset in 2024 and 2025 may erode REITs’ DPUs: DBS
About $1.1 billion worth of perps can be called in FY2024. Of that amount, 42% have their first call date this year.
April 11, 2024
REITs
Keppel Corp prices $400 mil perpetual securities with 2.90% p.a. coupon
The first reset of the distribution rate will be on Sept 16, 2026.
September 07, 2021
REITs
Mapletree Industrial Trust prices inaugural $300 mil perpetual securities at 3.15%
Proceeds will be used for general corporate purposes, including refinancing of existing debt.
May 04, 2021
Bonds and treasuries
Equity, bonds or perpetuals of Singapore REITs: Which to pick?
REIT bonds and REIT perpetual securities have become increasingly common as REITs diversify their sources of funds beyond equity.
March 05, 2021