IREIT launches $1 billion multicurrency debt issuance program

By Rebecca Melvin

Concord, N.H., May 17 – IREIT Global, a subsidiary of IREIT Global Group Pte. Ltd., launched a $1 billion multicurrency debt issuance program on May 13, according to a notice.

DBS Bank Ltd. and Oversea-Chinese Banking Corp. Ltd. are joint arrangers and dealers of the program, under which notes or perpetual securities may be issued with fixed-rate, floating-rate or zero coupons.

Proceeds will be used for refinancing existing borrowings, financing or refinancing potential acquisition and investment opportunities as well as for working capital requirements and general corporate purposes.

Application has been made to list and quote any instruments on the Singapore Exchange Securities Trading Ltd.

The real estate investment trust company is based in Singapore.

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