Landmark REIT seeks noteholder consent to amend reset rate on S$260 million perpetual securities

Reuters2026/08/04 04:18

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Landmark REIT launched a consent solicitation to amend terms of its S$ 140 million Series 02 perpetual securities, ISIN SG74H8000008.
The process also covers its S$ 120 million Series 03 perpetual securities, ISIN XS1632471352.
The proposal shifts the Reset Distribution Rate to a SORA-OIS-based benchmark, replacing the discontinued SOR framework.
The changes aim to restore an operable reset-rate mechanism, supporting a restart of distributions on the perpetual securities.
The REIT flagged a potential resumption of unitholder distributions in FY2027, subject to the dividend stopper and consent approval.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Landmark REIT published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: JQQR309BM6EJUJF1) on August 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Landmark REIT seeks noteholder consent to amend reset rate on S$260 million perpetual securities

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