Soilbuild Business Space REIT's manager said note holders holding principal amounts of S$6.5 million out of S$100.0 million of 3.45% notes and S$12.0 million out of S$100.0 million worth of 3.60% notes have exercised the put option, pursuant to certain conditions of the issuance.

The notes were issued by DBS Trustee Ltd. under the S$500.0 million multicurrency debt issuance program, with Soilbuild redeeming the notes Sept. 12 at the redemption price, including accrued interest.

As of Aug. 14, US$1 was equivalent to S$1.36.