Edwin Tey News Today

GLP's investment-grade dollar bonds are the worst performers in Asia this year. Read more at straitstimes.com.

SINGAPORE (THE BUSINESS TIMES) - Property investment firm GLP this month sold the worlds largest US-dollar green subordinated perpetual offering. It priced a landmark US$850 million (S$1.13 billion) offering of green subordinated perpetual securities at a coupon of 4.5 per cent, GLP said in a media statement. The offering was upsized from the initial target size of US$500 million, with the orderbook more than six times subscribed. The green perpetual securities are not callable for the first fi...

Deal amount upsized to US$850 million amid strong investor demand 12 May 2021 |  Chito Santiago GLP,  a global investment manager and business builder in logistics, real estate, infrastructure, finance and related technologies, on May 10 priced an upsized green subordinated capital securities amounting to US$850 million. The Reg S perpetual non-call five offering was priced at par with a similar coupon and re-offer yield of 4.50%. This was in line with the final price guidance and 37.5bp t...