Shinhan Alpha REIT (KRX:293940) will issue private bonds amounting to 40 billion won on Sept. 23, according to a Friday filing with the Korea Exchange.
The bonds carry an interest rate of 5.3% per year and a financial advisory fee of 0.05% for advisory firm Shinhan Investment.
The repayment date for the borrowing will be on Sept. 23, 2027.
Suhyup Bank and NH Investment & Securities will be the acquiring institutions.
The REIT will use proceeds from the borrowing to repay previously issued private bonds.