As per IFR, ESR REIT may take on about S$877.2mn ($652mn) of new unsecured debt to refinance ARA Logos’ existing debt, fund an upfront land premium of around S$87.9m ($65.3mn) and pay off transaction fees of around S$48.8mn ($36.3mn). To part fund the 5.5% perpetual redemption, ESR-REIT may raise around S$251.5mn ($187mn) by issuing a new Perp.

ESR REIT’s existing 4.6% Perps were unchanged at 99.22, yielding 5.4%. 

Show Buttons
Hide Buttons