Singapore Exchange : SGX welcomes second Perennial Real Estate retail bond offering

Singapore Exchange (SGX) today welcomed the listing of Perennial Real Estate Holdings Limited's four-year retail bonds with a coupon rate of 4.55% per annum on the Mainboard under the stock code 'BSKZ'.

Perennial Real Estate Holdings Limited is a commercial property developer with large-scale integrated developments across China, Singapore, Malaysia and Ghana. It owns a number of landmark properties in its portfolio, including two of the largest high speed railway commercial hubs in China, and a number of iconic properties in Singapore such as CHIJMES, Capitol Singapore and TripleOne Somerset.

Pua Seck Guan, Chief Executive Officer of Perennial Real Estate Holdings Limited, said, 'We would like to thank all the investors for the strong support for our retail bond offering. The oversubscription of both the Placement tranche and Public Offer tranche is testament to investors' confidence in our company's growth potential. This is being driven by the value creation opportunities from the integration of our real estate and healthcare businesses, and the recurring income growth as we scale our medical and healthcare-related business as an owner and operator in China.'

Chew Sutat, Head of Equities and Fixed Income, SGX, said, 'SGX is pleased to welcome Perennial Real Estate Holdings Limited's second successful retail bond offering, and is encouraged by the support from investors. As a multi-asset exchange, SGX continues to provide a platform for retail investors to expand and diversify their investments, and we encourage investors to improve their knowledge of fixed income products by participating in a range of SGX-hosted education programmes.'

The total issuance size of Perennial Real Estate Holdings Limited's four-year retail bonds is $280 million.