Lendlease Global Commercial Reit prices S$120 million perpetual securities at 4.28%
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Lendlease Global Commercial Reit has priced its S$120 million perpetual securities at 4.28% under a S$1 billion multicurrency debt issuance programme. The securities, issued in S$250,000 denominations with no fixed redemption date, are expected to be issued on April 23, 2026. Proceeds will refinance existing borrowings, including S$200 million in subordinated perpetual securities. DBS, OCBC, and UOB are the joint lead managers, with listing on the Singapore Exchange anticipated around April 24, 2026. Units of the REIT rose 0.9% to S$0.575 before the announcement.
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