The latest update is out from Mapletree Commercial ( (SG:N2IU) ).
MPACT Management Ltd., the manager of Mapletree Pan Asia Commercial Trust, has announced an amendment to its multi-currency facility agreement, extending its tenure and increasing the facility to S$400 million. This move is significant as it involves conditions that could trigger a mandatory prepayment event, potentially affecting up to S$5,972.7 million in borrowings, highlighting the strategic financial maneuvers MPACT is undertaking to manage its debt and maintain its market position.
More about Mapletree Commercial
Mapletree Commercial is a company involved in the management of commercial properties, focusing on providing real estate investment services. It operates under the trust deed structure and is part of the Mapletree Investments Pte Ltd group, which is known for its significant presence in the real estate sector.
YTD Price Performance: 0.57%
Average Trading Volume: 23,280
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.65B
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