25 Mar 2015
|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.