by Amruth Sundarkumar | Oct 4, 2022 | Singapore Dollar Bonds
Singapore’s ESR-LOGOS REIT announced on Friday that it will not be redeeming its S$150mn 4.6% perps on their first call date of 3 November. As with many perps, the coupon on the ESR-LOGOS perps will reset on the first call date to the prevailing 5Y SGD Swap...
by Amruth Sundarkumar | Jul 26, 2022 | China, Corporates
Hong Kong-listed ESR Group has raised over $1bn in equity commitments for its first data centre fund. In a statement, the real estate manager added that it will raise another discretionary capital sleeve to co-invest in the Data Centre Fund 1 to close the fund at its...
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 | Jan 21, 2022 | Corporates, Southeast Asia
ESR Cayman completed its 100% acquisition of ARA Asset Management for $5.2bn, less than three months after its shareholders approved the deal. Following the acquisition, ESR is now the world’s third-largest listed real estate investment manager with gross AUM of...
by Amruth Sundarkumar | Oct 27, 2021 | Singapore Dollar Bonds
ESR REIT reported a 1.7% YoY increase in distribution per unit (DPU) to S$0.00712 for Q3 on the back of a 7.2% YoY increase in gross revenues to S$61.1mn and an 8.6% rise in net property income (NPI) to S$43.9mn. The manager attributed the growth to the acquisition of...
