02 Feb 2015

Link REIT Issues HK$650M 7-Year Notes

The Link Real Estate Investment Trust (Hong Kong stock code: 823) is pleased to announce that it has successfully priced the HK$650 million fixed rate Notes due 2022 at a coupon rate of 2.4% per annum under its Medium Term Note Programme. The Notes have been rated “A2” and “A” by Moody’s and S&P’s respectively.

George Hongchoy, Chief Executive Officer of The Link Management Limited, said, “Following our 10-year Notes issued in September 2014, the issue of this 7-year Notes is in line with our capital management strategy to secure longer term financing at low cost. The Notes are priced at an attractive interest rate of 2.4% per annum as a result of our strong credit ratings. It is conducive to our long-term growth strategy and is a testament to our commitment in improving The Link REIT’s business and financial performance.”

The proceeds from the issue of the Notes will be used for general corporate funding requirements including new investment opportunities and refinancing of existing debt.

 

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