Mapletree Logistics (SG:M44U) has released an update.
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Mapletree Logistics Trust Management Ltd. has issued S$180 million worth of 4.30% subordinated perpetual securities under its S$3 billion Euro Medium Term Securities Programme. These securities, managed by HSBC Institutional Trust Services (Singapore) Limited, are unsecured and rank equally with the issuer’s parity obligations. Aimed at investors seeking perpetual income streams, the securities offer a fixed distribution rate until the first reset date in 2029.
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