by Amruth Sundarkumar | Nov 8, 2022 | Perpetual Bonds, Singapore Dollar Bonds
Mapletree Treasury decided against redeeming its SGD 3.95% Perp on its first call date of 12 November 2022, citing the “current macroeconomic conditions and interest rate environment” as reasons for skipping the call. The next call date is on 12 May 2023....
by Amruth Sundarkumar | Sep 9, 2022 | Corporates, Singapore Dollar Bonds
Rating agency Moody’s summarized its take on the Singapore property market. Moody’s said that the credit quality of rated REITs and large property developers will remain stable through 2023. Companies with quality office assets, such as CapitaLand...
by Amruth Sundarkumar | May 24, 2022 | Corporates, Singapore Dollar Bonds
At an extraordinary general meetings (EGM) held on Monday, shareholders of Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) approved the S$4.02bn ($3.1bn) merger deal, announced in January this year, to create Mapletree Pan Asia...
by Amruth Sundarkumar | Apr 21, 2022 | Singapore Dollar Bonds
Mapletree Commercial Trust (MCT) reported a 3.4% decline in distribution per unit (DPU) to S$0.0514 for H2 2021. Gross revenue was down 1.8% to S$255.8mn during the period. The Reit’s manager noted that higher one-off adjustments due to property tax rebates and...
by Amruth Sundarkumar | Mar 21, 2022 | Singapore Dollar Bonds
The managers of Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) are offering MNACT unitholders the entire consideration of S$1.1949 per unit, in a new cash-only scheme. This is a change as compared to its previous scheme when the S$...
