130 views
Logo from Sasseur REIT

Sasseur REIT extends the maturity of $58m sponsor loan by 1 year

The loan will mature in March 2025.

The maturity of the $58m (RMB308m) loan granted to a wholly-owned subsidiary of Sasseur REIT has been extended for another year from March 2024 to March 2025.

In a bourse filing, Sasseur REIT said its wholly-owned subsidiary and the sponsor's wholly-owned subsidiary have agreed to extend the loan maturity.

On 3 February, a wholly-owned subsidiary of the sponsor entered into a one-year agreement to grant an unsecured interest-breading loan to a wholly-owned subsidiary of  Sasseur REIT.

The agreement allows for an extension of up to another year should the parties mutually agree.
 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!