By Sarah Lizee
Olympia, Wash., June 1 – YTL Starhill Global REIT Management Ltd. priced S$100 million of 3.15% series 001 notes due June 5, 2025, according to an announcement.
The notes are being issued by Starhill Global REIT MTN Pte. Ltd. out of YTL Starhill’s S$2 billion multicurrency debt issuance program, which was established on Jan. 3.
DBS Bank Ltd. and United Overseas Bank Ltd. were appointed as joint lead managers and bookrunners of the series 001 notes.
The notes may be redeemed in whole or in part on any interest payment date at a make-whole amount together with interest accrued to but excluding the date fixed for redemption.
Proceeds may be used to refinance existing borrowings, for capital expenditure requirements and for working capital purposes.
Based in Singapore, Starhill Global invests primarily in real estate for retail and office purposes in Singapore and overseas.
| Issuer: | Starhill Global REIT MTN Pte. Ltd.
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| Issue: | Series 001 notes
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| Amount: | S$100 million
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| Maturity: | June 5, 2025
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| Managers: | DBS Bank Ltd. and United Overseas Bank Ltd.
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| Coupon: | 3.15%
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| Call: | In whole or in part on any interest payment date at a make-whole amount together with interest accrued to but excluding the date fixed for redemption
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| Announcement date: | June 1
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| Settlement date: | June 5
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