AIMS APAC REIT property at 20 Gul Way. (Photo: AIMS APAC REIT)AIMS APAC REIT property at 20 Gul Way. (Photo: AIMS APAC REIT)

AIMS AMP Capital Industrial REIT has redeemed in full the SGD100 million 4.90% fixed rate notes due 8 August 2016, the REIT announced on the same day.

The notes were redeemed through through AACI REIT MTN Pte Ltd, a wholly owned subsidiary of HSBC Institutional Trust Services acting in capacity as trustee of the Singapore-listed industrial REIT.

These notes were issued on 8 August 2012 under the REIT’s SGD500 million multicurrency medium term note programme that was established in July the same year.

In a statement made during the issue of the notes in 2012, the manager of AIMS AMP Capital Industrial REIT said that it intends to use proceeds from the notes “to substantially repay bank debt which is due to expire in October 2013”.

Units of AIMS AMP Capital Industrial REIT finished the trading day slightly lower from its previous close on the Singapore Exchange to end at SGD1.445.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.