Agent.sg / Property news / SPH Reit launches S$1b multicurrency debt programme; in talks for potential acquisition

SPH Reit launches S$1b multicurrency debt programme; in talks for potential acquisition

RETAIL landlord SPH Reit has established a S$1 billion multicurrency debt issuance programme, with part of the proceeds to be potentially used for a possible acquisition.

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The Reit's manager, SPH Reit Management, is currently conducting due diligence on the potential acquisition.

"Discussions about the potential acquisition are still preliminary and there can be no assurance that the acquisition will materialise at all," the manager said.

Under the programme, the Reit will issue notes and perpetual securities. Detailed terms and conditions, including pricing, of these securities are set out in an information memorandum, which will be released in the next one to two days.

 

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