Lendlease announces launch of S$1 billion multicurrency debt program

By Cady Vishniac

Detroit, Jan. 8 – Lendlease Global Commercial Trust Management Pte. Ltd., as manager of Lendlease Global Commercial Real Estate Investment Trust, has established a S$1 billion multicurrency debt issuance program, according to a market release.

DBS Bank Ltd. and Oversea-Chinese Banking Corp. Ltd. will be the joint arrangers and dealers for notes issued under the program.

Proceeds will be used to refinance existing borrowings and finance potential acquisition and investment opportunities, also going toward general working capital, capital expenditure requirements and general corporate purposes.

Approval in principle for the listing of the program’s securities has been granted by Singapore Exchange Securities Trading Ltd.

Lendlease is a Singapore-based real estate investment trust investing in offices and retail spaces worldwide.

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