The manager of Lendlease Global Commercial Trust REIT (LREIT) has successfully priced $200 million of perpetual securities on May 27.

The securities will be issued under LREIT’s $1 billion multicurrency debt issuance programme and will bear an initial rate of 4.20% per annum for the first five years.

The first reset of the distribution rate will be on June 4, 2026, with subsequent resets occurring every five years thereafter.

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