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CDL Hospitality Trusts ( (SG:J85) ) has issued an update.
CDL Hospitality Trusts has announced the pricing of S$150 million subordinated perpetual securities at a rate of 3.70% under its S$1.5 billion Multicurrency Debt Issuance Programme. This strategic financial move is expected to enhance the company’s capital structure, providing flexibility and potentially impacting its financial stability and attractiveness to investors.
The most recent analyst rating on (SG:J85) stock is a Buy with a S$1.00 price target. To see the full list of analyst forecasts on CDL Hospitality Trusts stock, see the SG:J85 Stock Forecast page.
More about CDL Hospitality Trusts
CDL Hospitality Trusts is a stapled group consisting of CDL Hospitality Real Estate Investment Trust and CDL Hospitality Business Trust, both established under the laws of the Republic of Singapore. The company operates in the real estate investment sector, focusing on hospitality-related assets, and is involved in managing and investing in a diversified portfolio of hotels and resorts.
YTD Price Performance: 1.23%
Average Trading Volume: 1,375,642
Technical Sentiment Signal: Sell
Current Market Cap: S$1.04B
For a thorough assessment of J85 stock, go to TipRanks’ Stock Analysis page.