Hotel Properties Limited (SG:H15) has released an update.
Hotel Properties Limited has announced the pricing of S$160 million in subordinated perpetual securities with a 5.50% interest rate under its S$1 billion multicurrency debt issuance programme. These securities, managed by DBS Bank, Oversea-Chinese Banking Corporation, and United Overseas Bank, offer semi-annual distribution payments and are structured to provide flexibility with no fixed redemption date. This move highlights the company’s strategy to leverage market conditions and expand its financial footprint.
For further insights into SG:H15 stock, check out TipRanks’ Stock Analysis page.