Singapore's Perennial China solicits consents to amend 6 3/8% notes

By Marisa Wong

Madison, Wis., May 28 - Perennial China Retail Trust began a consent solicitation to amend its S$130 million 6 3/8% notes due 2015 on Tuesday, according to an announcement by trustee manager Perennial China Retail Trust Management Pte Ltd.

The company is seeking noteholder approval to amend the definition of measurement period in the financial covenants in the trust deed for the 6 3/8% notes.

DBS Bank Ltd. and Standard Chartered Bank are the solicitation agents.

The 6 3/8% notes were issued under the company's S$500 million multicurrency medium-term note program.

Perennial is a Singapore-based retail development trust.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.