By Wendy Van Sickle
Columbus, Ohio, Sept. 17 – Starhill Global Real Estate Investment Trust’s special purpose vehicle, Ara Bintang Bhd., issued RM 330 million of medium-term notes, which have an expected maturity in September 2024 and a legal maturity in March 2026, according to a company announcement.
The new issue refinanced a previous RM 330 million of medium-term notes at maturity.
Based in Singapore, Starhill Global invests primarily in real estate for retail and office purposes in Singapore and overseas. The REIT is managed by YTL Starhill Global.
| Issuer: | Ara Bintang Bhd.
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| Issue: | Senior medium-term notes
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| Amount: | RM 330 million
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| Maturity: | September 2024 (expected), March 2026 (legal)
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| Announcement date: | Sept. 17
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