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FINANCIAL SERVICES | Staff Reporter, Hong Kong

Sunlight REIT issues $300m medium term notes

The notes carry a tenor of five years and 2% coupon rate.

Sunlight Real Estate Investment Trust (REIT) has completed its first $300m five-year medium term notes, the manager announced.

The notes carry a tenor of five years and a 2% coupon rate as part of the US$1b guaranteed medium term note programme reactivated in April this year. CMB Wing Lung Bank and CMB International Capital are the joint placing agents of the notes.

The successful fixed-rate issuance marks a major milestone for Sunlight REIT, testifying to its credit quality amidst a challenging economic environment.

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