Singapore’s Manulife US REIT launches $1 billion debt program

By Marisa Wong

Morgantown, W.Va., April 13 – Manulife US Real Estate Investment Trust announced it established a $1 billion multicurrency debt issuance program.

DBS Bank is the arranger and dealer.

The Regulation S debt program covered notes and perpetual securities.

Proceeds will be used to refinance existing borrowings, to finance potential acquisitions, for working capital requirements and for general corporate purposes.

The Singapore-based REIT invests in a portfolio of office real estate in the United States.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.