ESR-REIT prices $100m fixed rate notes

The offer will be issued under the $750m Multicurrency Debt Issuance Programme.

ESR-REIT Management (S) Limited, the manager of ESR-REIT, said in a bourse filing that Perpetual (Asia) Limited has launched and priced $100m of unsecured fixed rate notes, due in 2030, with an annual interest rate of 4.05%.

The offer will be issued under the $750m Multicurrency Debt Issuance Programme.

Proceeds will be allocated for refinancing or repayment of existing borrowings, financing or refinancing acquisitions, investments, developments, and/or asset enhancement works, as well as covering general working capital and capital expenditure requirements.

Notably, the gearing of ESR-REIT will remain the same both before and after the transaction. The offer was approximately 2.5 times subscribed and underpinned by strong demand from institutional investors, where approximately 75% of the offer was placed to institutional investors.

Follow the link for more news on

ESR-REIT

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia