General Announcement::S&P lowers its credit ratings on Viva Industrial Real Estate Investment Trust and its MTN programme

Issuer & Securities

Issuer/ Manager
VIVA INDUSTRIAL TRUST MANAGEMENT PTE. LTD.
Securities
VIVA INDUSTRIAL TRUST - SG2G31998161 - T8B
Stapled Security
Yes

Other Issuer(s) for Stapled Security

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
24-Jul-2015 19:11:50
Status
New
Announcement Sub Title
S&P lowers its credit ratings on Viva Industrial Real Estate Investment Trust and its MTN programme
Announcement Reference
SG150724OTHRNL03
Submitted By (Co./ Ind. Name)
Ang Poh Seong
Designation
Chief Executive Officer of the REIT Manager and Trustee-Manager
Description (Please provide a detailed description of the event in the box below)
Viva Industrial Trust Management Pte. Ltd., as manager of Viva Industrial Real Estate Investment Trust (VI-REIT) and Viva Asset Management Pte. Ltd., as trustee-manager of Viva Industrial Business Trust (VI-BT), wish to inform that Standard & Poors has, in its report dated 24 July 2015, lowered (a) the corporate credit rating on VI-REIT from BB+ with a negative outlook to BB with a stable outlook; and (b) the credit rating on VI-REITs Medium Term Note (MTN) programme and its S$100 million MTN from BBB- to BB+.

Standard Chartered Securities (Singapore) Pte. Limited, Merrill Lynch (Singapore) Pte. Ltd. and The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch were the Joint Global Coordinators and Issue Managers for the initial public offering and listing of Viva Industrial Trust (the Offering). Standard Chartered Securities (Singapore) Pte. Limited, Merrill Lynch (Singapore) Pte. Ltd., The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, CIMB Securities (Singapore) Pte. Ltd., Maybank Kim Eng Securities Pte. Ltd. and Credit Suisse (Singapore) Limited were the Joint Bookrunners and Underwriters for the Offering.