The latest announcement is out from Suntec Real Estate Investment ( (SG:T82U) ).
Suntec REIT has announced the launch and pricing of S$175 million 3.40% notes due 2031 under its US$2 billion Euro Medium Term Securities Programme. The proceeds from this issuance will be used for general corporate purposes, refinancing existing borrowings, and financing acquisitions or asset enhancements, potentially impacting the company’s financial flexibility and growth strategy.
More about Suntec Real Estate Investment
Suntec Real Estate Investment Trust (Suntec REIT) operates in the real estate investment sector, focusing on acquiring and managing a diversified portfolio of income-producing real estate properties. The company primarily invests in office, retail, and convention center properties, aiming to provide stable and growing distributions to its unitholders.
YTD Price Performance: 2.00%
Average Trading Volume: 2,359
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.58B
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