They have no fixed final redemption date.
The perps are expected to be issued on April 23, with the the first reset date falling six years thereafter. They are also expected to be listed on or around April 24.
DBS and Oversea-Chinese Banking Corporation (OCBC) are the joint global coordinators while DBS, OCBC and United Overseas Bank (UOB) are the joint lead managers and bookrunners.
Units in LREIT closed 0.5 cents higher or 0.88% up at 57.5 cents on April 14.
