Link Asset Management Limited (Link), the manager of Link Real Estate Investment Trust (Link REIT; Hong Kong stock code: 823), announced today (Monday) that it has successfully priced its medium-term notes (the Notes) with five-year maturity at coupon rate of 2.35% payable quarterly. The amount has been upsized to $1.01 billion from $610 million, which was announced on 2 April.

The Notes is rated “A” by Standard & Poor’s Global Ratings. Net proceeds from the deal will be used for general corporate purposes.

George Hongchoy, Link’s Chief Executive Officer, said, “We are delighted the Notes were well received and issued at a competitive price. Leveraging on our strong credit ratings and robust financial position, we will continue to strengthen our liquidity position and enhance our capital efficiency to drive our long-term portfolio growth strategy.”

The Hongkong and Shanghai Banking Corporation Limited is the dealer for the Notes issue.

Link holds A issuer ratings from the key credit rating agencies, including A2/Stable from Moody’s Investors Service, A/Stable from Standard & Poor’s and A/Stable from Fitch Ratings.

About Link

Link Real Estate Investment Trust (Hong Kong stock code: 823), managed by Link Asset Management Limited, is a leading retail-focused REIT in the world. Listed in 2005 as the first REIT in Hong Kong, Link has been 100% held by public and institutional investors and is a Hang Seng Index constituent stock. From its home in Hong Kong, Link manages a diversified portfolio including retail facilities, car parks and offices spanning Hong Kong, Beijing, Guangzhou, Shanghai, Shenzhen, London and Sydney. Link seeks to extend its portfolio growth trajectory and grasp expansion opportunities in different markets in pursuit of our medium-term target Vision 2025. For details, please visit https://www.linkreit.com/.