CDL Hospitality REIT raises $100m in perpetual debt to slash borrowings
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CDL Hospitality REIT has raised $100 million through the issuance of 4.00% subordinated perpetual securities under a $1.5 billion multicurrency debt programme. The securities have no fixed redemption date and will pay semi-annual distributions starting from August 2026. Proceeds will be used to reduce existing borrowings, and the securities will be offered to institutional and accredited investors in Singapore, with expected listing on the SGX-ST by February 2026.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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