Link REIT Prices $600M Bond Issuance at 4.875% Coupon Rate, Extends Debt Maturity Profile
Link REIT, the manager of Link Real Estate Investment Trust (Link REIT), announced Tuesday it successfully priced $600 million in senior unsecured notes with a 10-year maturity at a 4.875% coupon rate. The notes are due in 2036 and will be issued February 2, 2026, with listing on the Stock Exchange of Hong Kong.
Bond Structure and Credit Ratings
The notes carry an 'A' rating from Standard & Poor's. Link maintains A2/Stable from Moody's Investors Service, A/Stable from Standard & Poor's, and A/Stable from Fitch Ratings.
Net proceeds from the issuance will be used for general corporate purposes, according to the announcement.
Strategic Debt Management
Kok Siong NG, Link Group Chief Financial Officer, said the US dollar bond issuance extends Link REIT's debt maturity profile and diversifies funding sources. "The overwhelming market response reflects investors' confidence in our long-term stability and profitability," Ng stated.
About Link Asset Management
Link Asset Management Limited operates as an independent, fully integrated real estate investor and manager focusing on the Asia-Pacific region. The firm manages Link Real Estate Investment Trust, one of the largest REITs in Asia.
Link also operates Link Real Estate Partners, a business line that leverages its investment management capabilities to serve as a trusted investment manager to capital partners. The firm targets resilient returns and growth through strategic diversification of the Link REIT Portfolio across geographies and asset classes in APAC.