Hotel Properties Limited (SG:H15) has released an update.
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Hotel Properties Limited has announced the pricing of S$160 million in subordinated perpetual securities with a 5.50% interest rate under its S$1 billion multicurrency debt issuance programme. These securities, managed by DBS Bank, Oversea-Chinese Banking Corporation, and United Overseas Bank, offer semi-annual distribution payments and are structured to provide flexibility with no fixed redemption date. This move highlights the company’s strategy to leverage market conditions and expand its financial footprint.
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