Singapore’s Soilbuild holders put back S$18.5 million 3.45%, 3.6% notes

By Angela McDaniels

Tacoma, Wash., Aug. 14 – Soilbuild Business Space REIT said the holders of S$6.5 million of 3.45% fixed-rate notes due 2018, series 001, and S$12 million of 3.6% fixed-rate notes due 2021, series 002 elected to exercise their put options.

The put notes will be redeemed on Sept. 12.

According to an announcement, S$100 million of the 3.45% notes and S$100 million of the 3.6% notes were issued under the S$500 million multicurrency debt issuance program of Soilbuild’s trustee, DBS Trustee Ltd.

Soilbuild is a Singapore-focused real estate investment trust with a portfolio of business parks and industrial properties used by industries engaging in manufacturing, engineering, logistic, warehousing, electronics, marine, oil and gas, research and development and value-added knowledge-based activities.

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