trending Market Intelligence /marketintelligence/en/news-insights/trending/Jn4FqTOymscVZPifezN_zQ2 content esgSubNav
In This List

Suntec converts, cancels S$45.5M of bonds

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Suntec converts, cancels S$45.5M of bonds

Suntec Real Estate Investment Trust on May 30 redeemed and canceled S$45.5 million in principal amount of convertible bonds due 2021.

The notes are part of HSBC Institutional Trust Services (Singapore) Ltd.'s issuance of S$300.0 million of 1.750% convertible notes due 2021. It now has S$88.0 million in principal amount outstanding as a part of the issuance.

The company recently converted and canceled S$166.5 million of the bonds.

As of May 31, US$1 was equivalent to S$1.38.