Prime launches third Singapore Reit securitization

Prime hopes to follow in the footsteps of Suntec and A-Reit''s Euro success.

Joint leads HSBC and Standard Chartered will begin roadshows next week for an Eu190m S$380 million commercial mortgage-backed securitization CMBS for Prime real estate investment trust with pricing slated for September 8.

The deal will mark the first offering from Prime and the third international Reit securitization out of Singapore so far this year following the success of Suntec and A-Reit.

Prime's transaction, issued via SPV Orion Prime Limited, will have an FRN structure with an expected maturity of five years and a legal maturity of 6.5 years. It will be secured by Wisma Atria and Ngee Anne City, 2 Prime owned Singapore-based retail properties.

...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222