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Bond Market News
Paragon REIT announces Redemption of Its SGD 4.1% Perp
August 5, 2024
Singapore-based real estate investment trust, Paragon REIT has announced the redemption of its 4.1% Perp. The subordinated notes will be fully redeemed on its upcoming call date on 30 August 2024 at its redemption price of 100. The current outstanding amount of the bond stands at S$300mn. The record date for the payment has been set as 15 August 2024.
The SGD 4.1% Perp continues to trade stable at 99.95, yielding 4.82%.
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