Singapore’s Mapletree to redeem 5 1/8% perpetuals on July 25 at par

By Marisa Wong

Morgantown, W.Va., June 9 – Mapletree Treasury Services Ltd. issued a notice of redemption for its S$600 million 5 1/8% subordinated perpetual securities guaranteed by Mapletree Investments Pte. Ltd.

The notes will be redeemed on July 25 at par plus accrued distributions to the redemption date.

In May the company said it was considering a redemption of the notes. However, the decision was conditioned on several factors, including the issuance of new securities.

The series 001 notes were originally issued under the company’s $5 billion euro medium-term note program.

Mapletree is a Singapore-based real estate company.

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