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Suntec REIT secures S$400M credit facility

Singapore-based diversified real estate investment trust Suntec Real Estate Investment Trust agreed to a S$400.0 million facility agreement through its trustee HSBC Institutional Trust Services.

The agreement was reached with various banks and is meant to refinance some of the company's outstanding borrowings.

As of March 27, US$1 was equivalent to S$1.31.