Suntec REIT Issues S$250 Million Perpetual Securities for Strategic Financial Management

The latest update is out from Suntec Real Estate Investment ( (SG:T82U) ).

Suntec REIT has announced the issuance of S$250,000,000 fixed rate subordinated perpetual securities under its U.S.$2,000,000,000 Euro Medium Term Securities Programme. The proceeds from this issuance will be used for refinancing existing borrowings and meeting general working capital and capital expenditure needs. The securities are offered to institutional and accredited investors in Singapore and have received approval in-principle for listing on the Singapore Exchange Securities Trading Limited, which could enhance Suntec REIT’s financial flexibility and market positioning.

The most recent analyst rating on (SG:T82U) stock is a Hold with a S$1.15 price target. To see the full list of analyst forecasts on Suntec Real Estate Investment stock, see the SG:T82U Stock Forecast page.

More about Suntec Real Estate Investment

Suntec Real Estate Investment Trust (Suntec REIT) operates within the real estate investment industry, focusing on managing and investing in a diversified portfolio of income-producing real estate assets. The company is primarily involved in the ownership and management of commercial properties, with a market focus on generating stable income streams for its stakeholders.

Average Trading Volume: 4,199,406

Technical Sentiment Signal: Sell

Current Market Cap: S$3.32B

For a thorough assessment of T82U stock, go to TipRanks’ Stock Analysis page.