Lendlease Global Commercial REIT to Redeem SG$200 Million Worth of Securities; Shares Up 3%

MT Newswires

2025/03/12

Lendlease Global Commercial REIT (SGX:JYEU) will redeem SG$200 million worth of 5.25% subordinated perpetual securities on April 11, according to a filing with the Singapore Exchange on Wednesday.

The securities were issued by DBS Trustee as the trustee of the reit under its SG$1 billion multicurrency debt issuance program.

Following the redemption, the securities will be canceled and delisted from the Singapore bourse.

Shares of the REIT were up over 3% in recent trading.

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