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ESR-Logos issues new $100m securities priced at 6%

Funds raised will be used for acquisitions and investments.

ESR-Logos Real Estate Investment Trust (REIT) issues new $100m perpetual capital securities priced at 6%.

This adds to the $74.8m it issued earlier in August 2024. Both securities are part of the trust’s $750m Multicurrency Debt Issuance Programme.

ESR-Logos REIT plans to use the proceeds for acquisitions and investments.

The new securities are redeemable by 20 August 2029 and payable semi-annually in arrears.

OCBC is the sole lead manager of the issuance.

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