25 Mar 2015

Link REIT Issues HK$740M 15-Year Notes

The Link Real Estate Investment Trust (Hong Kong stock code: 823) is pleased to announce that it has successfully priced the HK$740 million fixed rate Notes due 2030 at a coupon rate of 3.0% 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, “The issue of this 15-year Notes is in line with our capital management strategy to secure longer term financing at low cost and is conducive to our long-term growth strategy.”

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.

 

 

Back
Top Top