Elite Commercial REIT unit starts S$300 million multicurrency program

By Mary-Katherine Stinson

Lexington, Ky., Oct. 14 – Elite Commercial REIT Management Pte. Ltd. announced that Elite Commercial launched a S$300 million multicurrency debt program, according to a notice Friday.

CIMB Bank Bhd., Singapore Branch is the sole arranger and dealer under the program.

The trustee is Perpetual (Asia) Ltd.

Proceeds will be used for the general corporate purposes of Elite Commercial REIT and subsidiaries, including to finance or refinance its potential acquisitions, finance general working capital, capital expenditure and investments of the group and the refinancing of existing debt or such other purposes as may be specified in the pricing supplement.

Elite Commercial REIT is a Singapore-based real estate investment trust established with the investment strategy of principally investing in commercial assets and real estate-related assets in the United Kingdom.

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