ESR-REIT ( (SG:J91U) ) has shared an announcement.
ESR-REIT has issued S$100,000,000 in 4.05% notes due 2030 under its S$750,000,000 Multicurrency Debt Issuance Programme. The notes, part of Series 010, are set to be listed on the Singapore Exchange, with DBS Bank Ltd. and Oversea-Chinese Banking Corporation Limited as joint lead managers. The issuance includes a condition that restricts changes to the manager of ESR-REIT, which could trigger a default if not adhered to. This move is significant for ESR-REIT’s financial strategy, potentially enhancing its market positioning and providing stakeholders with insights into its operational stability and future growth prospects.
More about ESR-REIT
ESR-REIT is a real estate investment trust based in Singapore, focusing on the acquisition and management of industrial properties. The company operates within the real estate sector, providing investment opportunities through its portfolio of industrial properties, catering to businesses seeking industrial space solutions.
YTD Price Performance: -24.74%
Average Trading Volume: 32,597
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.5B
For a thorough assessment of J91U stock, go to TipRanks’ Stock Analysis page.