AIMS APAC REIT (SGX:O5RU) priced SG$125 million of 4.70% series 004 perpetual bonds under its SG$750 million multicurrency debt issuance program, according to a Monday filing with the Singapore Exchange.
Oversea-Chinese Banking (SGX:O39) is the sole manager and bookrunner for the bonds, which are expected to be issued on March 18.
Net proceeds from the issuance will be used to refinance SG$125 billion fixed-rate subordinated bonds and existing borrowings.
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