Singapore-listed Sabana Shari'ah Compliant Industrial REIT's Sabana Sukuk Pte. Ltd. unit fully redeemed S$90.0 million of 4.00% trust certificates due 2018.
The certificates were issued under the company's S$500.0 million multicurrency Islamic trust certificates issuance program.
The company used its existing credit facilities to fund the redemption.
As of March 19, US$1 was equivalent to S$1.32.