by Amruth Sundarkumar | Feb 3, 2022 | Perpetual Bonds, Singapore Dollar Bonds
The takeover of ARA Asset Management by ESR Cayman has triggered a change of control (CoC) event on ARA’s dollar bonds. ARA’s S$300mn 5.2% Perp would see a 300bp coupon step-up from July 19 due to the CoC, which is also the Perp’s first call date....
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...
by bondevalue | May 18, 2021 | Asian Dollar Bonds
Singapore based real estate fund manager, ARA Asset Management announced that it is raising $500mn in a financing round led by Japan’s Sumitomo Mitsui Banking Corporation (SMBC). With this, ARA expects to bolster its core asset management business while...
