by Amruth Sundarkumar | Jul 8, 2022 | Singapore Dollar Bonds
SPH REIT’s Q3 results ended-May 2022, saw Distribution Per Unit (DPU) rise by 5.1% YoY to 1.45 cents/unit. Q3 gross revenue increased 0.9% YoY to S$211.6mn ($150.9mn). SPH maintained a high occupancy rate of 97.6% across its diversified portfolio. SPH REIT reported...
by Amruth Sundarkumar | Jul 1, 2022 | Asian Dollar Bonds, Investment Grade Bonds
Singapore-based investment holding company Cuscaden Peak has upped its stake in SPH REIT to 61.7% after the former received 402.9mn units as part of its chain offer, as per an exchange filing. In April, the Cuscaden consortium consisting of Hotel Properties,...
by Amruth Sundarkumar | Mar 28, 2022 | Singapore Dollar Bonds
SPH launched a tender offer and consent solicitation to buy back its outstanding S$500mn 3.2% 2030s. Under the tender offer, SPH would buy the bonds at S$100.75 per S$100 in principal in cash, with the offer expiration deadline ending April 18. SPH will give an early...
by Amruth Sundarkumar | Mar 23, 2022 | Corporates, Singapore Dollar Bonds
Shareholders of Singapore Press Holdings (SPH) voted in favor of the Cuscaden Peak consortium’s takeover offer, at an EGM. About 89.2% of SPH’s shareholders vote in favor and a majority also voted for the proposed distribution in-specie of SPH REIT units...
by Amruth Sundarkumar | Feb 15, 2022 | Corporates, Singapore Dollar Bonds
As per an exchange filing, Singapore Press Holdings (SPH) said that the court has made an order allowing the company to hold the Cuscaden Peak scheme meeting. The court also granted SPH leave to withdraw its application to convene the meeting in relation to the Keppel...
