Sasseur REIT Extends Sponsor Loan to 2030 with Floating Interest Rate

MT Newswires

2024/12/06

Sasseur Real Estate Investment Trust (SGX:CRPU) has extended its sponsor loan maturity to March 2030 from March 2025 under a supplementary agreement, according to a Thursday filing on the Singapore Exchange.

The loan will now carry a floating interest rate tied to China's five-year Loan Prime Rate, currently at 3.6%, replacing the fixed-rate structure. The change is expected to lower borrowing costs and underscores the sponsor's ongoing support.

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