ESR-REIT Secures S$100 Million in Oversubscribed Bond Offering

ESR-REIT ( (SG:J91U) ) just unveiled an announcement.

ESR-REIT has announced the successful pricing of S$100 million in unsecured fixed rate notes due in 2030, with a 4.05% interest rate. The offering, which was oversubscribed by 2.5 times, will be used for refinancing existing borrowings and general capital expenditures, with strong demand from institutional investors. This move reflects confidence in ESR-REIT’s strategic direction and capital management strategy, aiming for sustainable growth amid stabilizing interest rates.

More about ESR-REIT

ESR-REIT is a real estate investment trust based in Singapore, focusing on industrial properties. It provides investment opportunities in industrial properties and aims to deliver stable and growing distributions to its stakeholders.

YTD Price Performance: -24.74%

Average Trading Volume: 32,597

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $1.47B

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