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ESR REIT Sets Up SG$2 Billion Bond Program

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ESR REIT (SGX:9A4U) established a SG$2 billion Euro medium-term securities program, according to a Tuesday Singapore bourse filing.

Shares of the REIT were down under 1% in Wednesday trading.

The REIT named Oversea-Chinese Banking Corp. (OCBC) as the arranger and initial dealer of the program.

Net proceeds from each issue will be used to refinance existing borrowings, refinance acquisitions, and meet general working capital needs.

The REIT has secured the Singaporean bourse's in-principle approval for the program.

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