234 views
Photo by Jakub Żerdzicki via Unsplash

Lendlease Global Commercial REIT to redeem $200m perpetual securities

The 4.20% subordinated perpetual securities will be redeemed on 4 June and delisted from SGX-ST after cancellation.

Lendlease Global Commercial REIT will redeem all of its $200m 4.20% subordinated perpetual securities on 4 June 2026.

The securities were issued by DBS Trustee Limited, as trustee of Lendlease Global Commercial REIT, under its $1b multicurrency debt issuance programme.

The perpetual securities will be redeemed at par, with a redemption price of $250,000 for every $250,000 in nominal amount. The amount will include accrued distribution up to, but excluding, 4 June, including any arrears of distribution and additional distribution amount, if applicable.

The securities carry the ISIN code SGXF95914572.

Payment will be made to The Central Depository on the redemption date. After the redemption, the perpetual securities will be cancelled and delisted from the Singapore Exchange Securities Trading Limited.

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.