MNACT issues maiden $250m perps at 3.50% interest rate

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No Mapletree North Asia Commercial Trust has priced $250m of perpetual securities at 3.50%. Mapltetree North Asia Commercial Trust (MNACT) has issued its first batch of perpetual securities through DBS, of $250m at 3.5% rate. This is a part of MNACT’s US$1.5b Euro Medium Term Securities Programme, with an initial rate of distribution of 3.5% for the first five years. In a bourse statement, MNACT Management CFO Ng Wah keong said the issunance was oversubscribed. read more