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Lendlease Global Commercial REIT to redeem $200m perpetual securities

The 4.20% subordinated perpetual securities will be redeemed on 4 June and delisted from SGX-ST after cancellation.

Lendlease Global Commercial REIT will redeem all of its $200m 4.20% subordinated perpetual securities on 4 June 2026.

The securities were issued by DBS Trustee Limited, as trustee of Lendlease Global Commercial REIT, under its $1b multicurrency debt issuance programme.

The perpetual securities will be redeemed at par, with a redemption price of $250,000 for every $250,000 in nominal amount. The amount will include accrued distribution up to, but excluding, 4 June, including any arrears of distribution and additional distribution amount, if applicable.

The securities carry the ISIN code SGXF95914572.

Payment will be made to The Central Depository on the redemption date. After the redemption, the perpetual securities will be cancelled and delisted from the Singapore Exchange Securities Trading Limited.

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