Link REIT's car park/car service centre asset in Hong Kong. (Link REIT)

Link REIT has raised HKD3.3 billion via the issuance of convertible bonds.

The bonds feature a coupon rate of 4.5% and are due in 2027.

The bonds are convertible at an initial conversion price of HKD61.92 per unit.

This represents a conversion premium of 16.5% above the closing price on 22 November.

“We are pleased to receive strong responses from global investors toward our issuance, demonstrating their confidence in Link’s long-term growth prospects”, said George Hongchoy, CEO of Link REIT.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.