ARA Trust Management (Suntec) Limited said on Thursday that HSBC Institutional Trust Services (Singapore) Limited has fully discharged Suntec REIT’s indebtedness under the S$700 million commercial mortgage-backed securities.
The securities matured on December 9, 2009 and were discharged with the proceeds from the S$825 million term loan facility
ARA Trust Management (Suntec) Limited is the manager of Suntec Reit.
HSBC Institutional Trust Services (Singapore) Limited is the trustee of Suntec Reit.
Source : Business Times – 10 Dec 2009
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