Croesus Retail Trust increases hedging to dodge forex risks from weak yen

It will be effective until the end of 2015.

Mainboard-listed Croesus Retail Trust has increased the amount of its distributable income hedged to mitigate forex risks associated with the weak yen.

CRT notes that as all of its interest bearing liabilities are in yen, so there is a natural hedge and no currency mismatch against the assets on the balance sheet of CRT.

CRT also expects positive rental reversions and financial contribution from One’s Mall, which was recently acquired

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