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First REIT prices $100 mil guaranteed bonds in aggregate principal amount of 3.25% due 2027

Felicia Tan
Felicia Tan4/1/2022 09:11 AM GMT+08  • 3 min read
First REIT prices $100 mil guaranteed bonds in aggregate principal amount of 3.25% due 2027
The bonds are the first-ever healthcare social bond in Singapore.
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The manager of First REIT has priced $100 million in aggregate principal amount five-year guaranteed bonds of 3.25% on April 1.

The bonds are the first-ever healthcare social bond in Singapore. They were created in conjunction with First REIT’s inaugural social finance framework (SFF) which creates a platform for the issuance of bonds and loans granted on achieving specific social benefit outcomes and the United Nations Sustainability Development Goals.

The bonds are payable semi-annually in arrears and are expected to be issued on or around April 7.

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