by Amruth Sundarkumar | Jan 28, 2022 | Singapore Dollar Bonds
Capitaland Integrated Commercial Trust (CICT) reported earnings for H2 ended December 2021 with distribution per unit (DPU) 8.9% lower YoY to S$0.0522. The fall was primarily due to the private placement of ~127.6mn units in mid-December through which it raised...
by Amruth Sundarkumar | Jan 19, 2022 | Singapore Dollar Bonds
Olam International launched a consent solicitation and exchange offer regarding its SGD and USD denominated bonds following the completion of a corporate reorganization. The bonds in question are the following: (i) $300mn 4.375% bonds due 2023 (ii) S$500mn 6% bonds...
by Amruth Sundarkumar | Jan 12, 2022 | Singapore Dollar Bonds
Singapore Press Holdings (SPH) released a business update for its first quarter ended November where it reported an improved operational performance with the gradual recovery in the economy. Within the retail segment, SPH REIT witnessed a high occupancy rate of 98.8%...
by Amruth Sundarkumar | Jan 6, 2022 | Credit Ratings, Singapore Dollar Bonds
Following the merger announcement between Mapletree Commercial Trust (MCT) with Mapletree North Asia Commercial Trust (MNACT), Moody’s has placed the former’s Baa1 rating on review for downgrade and the latter’s Baa3 rating on review for upgrade....
by Amruth Sundarkumar | Jan 3, 2022 | Corporates, Singapore Dollar Bonds
Temasek’s commercial units of Mapletree are set to merge in an SGD 4.2bn ($3.1bn) deal. Mapletree Commercial Trust (MCT) plans to buy Mapletree North Asia Commercial Trust (MNACT) either through cash-and-scrip or a scrip-only consideration. The consideration...
by Amruth Sundarkumar | Dec 15, 2021 | Corporates, Singapore Dollar Bonds
Real estate fund manager ARA Asset Management and UK property group Chelsfield are listing their jointly owned Singapore office building for a total selling consideration of about S$800mn ($584mn) as per sources. The asking price for the building effectively...
