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Suntec Real Estate Investment ( (SG:T82U) ) has provided an announcement.
Suntec REIT has announced the pricing of S$250,000,000 in fixed rate subordinated perpetual securities under its U.S.$2,000,000,000 Euro Medium Term Securities Programme. This strategic move, managed by DBS Bank Ltd. and Oversea-Chinese Banking Corporation Limited, is expected to enhance Suntec REIT’s financial flexibility and strengthen its capital structure, potentially impacting its market positioning and providing stakeholders with a stable distribution rate of 4.48% per annum until 2030.
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) is a prominent player in the real estate investment industry, focusing on managing a diverse portfolio of high-quality commercial properties. The company primarily operates in the Singapore market, offering investment opportunities through real estate assets and securities.
Average Trading Volume: 4,420,467
Technical Sentiment Signal: Sell
Current Market Cap: S$3.32B
Learn more about T82U stock on TipRanks’ Stock Analysis page.