Suntec REIT Issues S$200M (US$141M) 2.6% Notes Under The Euro Medium Term Note Programme

May 20, 2020 — ARA Trust Management (Suntec) Limited (the “Manager”), as manager of Suntec Real Estate Investment Trust (“Suntec REIT”) is pleased to announce that Suntec REIT MTN Pte. Ltd. (“SRMTN”), a wholly-owned subsidiary of HSBC Institutional Trust Services (Singapore) Limited (in its capacity as trustee of Suntec REIT) (the “Suntec REIT Trustee”), has today launched and priced the S$200,000,000 2.60 per cent. notes due 2025 (the “Notes”).

The Notes will be issued under the US$1,500,000,000 Euro Medium Term Note Programme established by SRMTN on 15 August 2013 (the “Programme”). The payment of all amounts due in respect of the Notes issued will be unconditionally and irrevocably guaranteed by the Suntec REIT Trustee (in such capacity, the “Guarantor”). United Overseas Bank Limited has been appointed to act as the sole lead manager and bookrunner for the issue of the Notes.

The Notes will be offered pursuant to exemptions invoked under Sections 274 and/or 275 of the Securities and Futures Act, Chapter 289 of Singapore.

The Notes will be issued at an issue price of 100 per cent. of their principal amount and in denominations of S$250,000. The Notes will bear interest at a fixed rate of 2.60 per cent. per annum payable semi-annually in arrear. The Notes are expected to be issued on 27 May 2020, subject to satisfaction of customary closing conditions, and are expected to mature on 27 May 2025. The Notes will be listed on the Singapore Exchange Securities Trading Limited.

The net proceeds from the issue of the Notes (after deducting issue expenses) will be used by Suntec REIT and its subsidiaries (the “Group”) for financing or refinancing acquisitions and/or investments, financing any asset enhancement works, refinancing existing borrowings as well as general corporate purposes.

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