Singapore companies in focus on Thursday, 24 March 2022:
- Lendlease Global Commercial REIT private placement meets strong demand
- Ascott Serviced Residence Global Fund acquires two properties for around S$190M
- ST Engineering credit rating downgraded by S&P
Others: Sembcorp Marine (SembMarine), Temasek Holdings, Singapore Post (SingPost) and Hotel Properties Ltd.
Lendlease Global Commericial REIT
Lendlease Global Commercial REIT (LREIT)‘s private placement was 3.3 times subscribed, with the transaction upsized to S$400 million from S$325 million initially, the REIT said in a filing to SGX Wednesday.
CapitaLand Investment and The Ascott
CapitaLand Investment‘s wholly owned lodging unit, The Ascott, is investing in two properties — in Ningbo, China, and in Amsterdam, the Netherlands — for around S$190 million via the Ascott Serviced Residence Global Fund (ASRGF), Ascott said in a filing to SGX Wednesday.
Sembcorp Marine (SembMarine) has landed a contract to build a next-generation wind turbine installation vessel (WTIV) based on the company’s in-house design in collaboration with the customer, according to a filing to SGX Wednesday.
Hotel Properties Ltd.
Hotel Properties Ltd. is pricing a five-year benchmark Singapore dollar bond in the 4.30 percent area, according to a client note seen by Shenton Wire.
SeaTown Holdings, an indirect subsidiary of Singapore’s state-owned investment company Temasek Holdings, is raising funds for its private capital fund from private investors for the first time.
Singapore Post (SingPost)
Singapore Post (SingPost) has priced S$100 million of Singapore-dollar senior unsecured fixed-rate notes due 2027 at 3.23 percent, the postal and logistics operator said in a filing to SGX Wednesday.