by Amruth Sundarkumar | Jul 22, 2021 | Singapore Dollar Bonds
Singapore’s Suntec REIT posted a 26% rise in distribution per unit (DPU) to S$ 0.415 ($0.3) in H1 with its distributable income rising to S$118.2mn ($87mn), a 14.6% YoY increase and net property income growing 24% to S$113mn ($83mn). The REIT said that the strong...
by Amruth Sundarkumar | Jul 20, 2021 | Singapore Dollar Bonds
Singaporean media organization Singapore Press Holdings (SPH) reported in its first 9 months FY21 ending May, a 16.8% YoY fall in operating revenue to S$286.7mn ($210mn). The company cited a decline in newspaper print ad revenue as the cause for this fall, reporting a...
by Amruth Sundarkumar | Jul 19, 2021 | High Yield Bonds, Singapore Dollar Bonds
Mexico’s state oil company Pemex temporarily suspended new business with Trafigura, which is facing alleged corruption concerning bribes of public officials in various Latin American countries and has been under investigation for years. Pemex joined other state oil...
by Amruth Sundarkumar | Jul 13, 2021 | Singapore Dollar Bonds
SPH REIT’s Q3 results saw its Distribution Per Unit (DPU) rise by 11.3% QoQ to 1.38 cents/unit, reaching pre-Covid levels, equal to the first quarter of FY2020. The company saw a recovery in revenues to S$209.6mn ($155mn), up 22.2% YoY helped by improvement across all...
by Amruth Sundarkumar | Jul 2, 2021 | Singapore Dollar Bonds
Singapore headquartered CapitaLand has sold two malls in Greater Tokyo for a consideration of JPY 42bn ($376.4mn) as a part of its portfolio management strategy. The sale of the malls is expected to result in a profit of ~JPY 9bn ($80.7mn). Simultaneously, the real...
by Amruth Sundarkumar | Jul 2, 2021 | Singapore Dollar Bonds
Singapore’s Keppel REIT has executed a contract to sell 50% of its stake in a property in Brisbane, Australia to Charter Hall Prime Office Fund for a consideration of A$275mn ($205.3mn). The sale for an adjusted consideration of A$264mn ($197mn) is 7.8% above...
