By Cady Vishniac
Detroit, Dec. 8 – Link Real Estate Investment Trust has priced prices RMB 400 million of 2.18% 18-year notes (//A), according to a release.
The notes have the longest term of any Link REIT issue to date.
Proceeds will be used for general corporate purposes.
HSBC was manager of the issue, which will pay quarterly interest.
Link is a Hong Kong-based real estate investment trust that invests in retail and parking facilities. The parent is Link Asset Management Co., Ltd.
| Issuer: | Link Real Estate Investment Trust
|
| Issue: | Notes
|
| Amount: | RMB 400 million
|
| Maturity: | 18 years
|
| Bookrunners: | HSBC
|
| Coupon: | 2.18%
|
| Pricing date: | Oct. 28
|
| Ratings: | Moody’s: A2 (issuer)
|
| S&P: A (issuer)
|
| Fitch: A (issue)
|
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