POST-TRANSACTION PAYMENT ENABLEDBOND COMPLEXITY : HIGHISIN: SGXF71061752
AAREIT 4.250% Perpetual Corp (SGD)
AIMS APAC REIT
Indicative Bid Price
101.030
Bid Yield to Worst
4.027%
Bid Yield to Call
4.027%
Min. Investment (Nominal)
250000
Indicative Ask Price
101.630
Ask Yield to Worst
3.899%
Ask Yield to Call
3.899%
Next Call Date
08 Sep 2031
Credit Rating (Bond)
N.R
No Rating
Seniority
Subordinated
Investor Profile
High Yield Seeker
Chart
Created with Highcharts 9.3.2Bid Yield to WorstAsk Yield to WorstBid Yield to CallAsk Yield to Call1. Jun3. Jun5. Jun7. Jun9. Jun11. Jun13. Jun15. Jun17. Jun19. Jun21. Jun23. Jun25. Jun27. Jun29. Jun3.853.93.9544.054.14.15FSM Global
Bond Information
AIMS APAC REIT Management Limited is a real estate investment trust. The Trust's principal investment objective is owning and investing in a diversified portfolio of income-producing industrial real estate assets in Singapore and Asia, including warehouse and logistics centers, manufacturing, business parks and hi-tech spaces.
Bond Issuer
AIMS APAC REIT
Guarantor
-
Announcement Date
25 Feb 2026
Issue Date
08 Mar 2026
Maturity Date / Next Call Date
Perpetual / 08 Sep 2031
Years to Maturity / Next Call
Perpetual / 5.191
Issue/Reoffer Price
100.000
Issue/Reoffer Yield
4.250
Coupon Type
Variable
Annual Coupon Rate (%)
4.25
Annual Coupon Frequency
Semi Annually
Seniority
Subordinated
Exchange Listed
SGX
Reference Rate
Reset Date: 9 September 2031 & every 5 years thereafter
Reset Rate: SGD 5Y SORA-OIS + the Initial Spread (2.590%)
ISIN
SGXF71061752
CUSIP
DF9233126
Bond Currency
SGD
Total Issue Size
SGD 100,000,000
Minimum Investment Quantity (Nominal)
SGD 250,000
Incremental Quantity (Nominal)
SGD 250,000
Bond Registration
Wholesale
Bond Type
High Yield Corporate
Bond Sector
Financials
Bond Sub Sector
Real Estate Investment Trusts
Issuer Credit Rating (S&P/ Fitch)
***/N.R
Bond Credit Rating (S&P/ Fitch)
***/N.R
Shariah Compliant
No
W-8BEN Declaration needed 
No
Bond Feature(s)
Non-Cumulative Deferral

(i) If Non-Cumulative Deferral is set out on the face of the relevant Perpetual Security, any distribution deferred pursuant to this Condition 4(IV) is non-cumulative and will not accrue interest. The Issuer is not under any obligation to pay that or any other distributions that have not been paid in whole or in part. The Issuer may, at its sole discretion, and at any time, elect to pay an amount up to the amount of distribution which is unpaid (“Optional Distribution”) (in whole or in part) by complying with the notice requirements in Condition 4(IV)(e). There is no limit on the number of times or the extent of the amount with respect to which the Issuer can elect not to pay distributions pursuant to this Condition 4(IV).

Any partial payment of outstanding Optional Distribution by the Issuer shall be shared by the holders of all outstanding Perpetual Securities and the Coupons related to them on a pro rata basis.

Dividend Stopper

If Dividend Stopper is set out on the face of the relevant Perpetual Security and on any Distribution Payment Date, payments of all distribution scheduled to be made on such date are not made in full by reason of this Condition 4(IV), the Issuer shall not and shall procure that none of the subsidiaries of AA REIT shall:

(i) declare or pay any dividends, distributions or make any other payment on, and will procure that no dividend, distribution or other payment is made on, any of the Issuer’s Junior Obligations or (except on a pro rata basis) any of the Issuer’s Specified Parity Obligations; or

(ii) redeem, reduce, cancel, buy-back or acquire for any consideration, and will procure that no redemption, reduction, cancellation, buy-back or acquisition for any consideration is made in respect of, any of the Issuer’s Junior Obligations or (except on a pro rata basis) any of the Issuer’s Specified Parity Obligations,

in each case, other than (1) in connection with any employee benefit plan or similar arrangements with or for the benefit of the employees, directors or consultants of the Group or (2) as a result of the exchange or conversion of Specified Parity Obligations of the Issuer for the Junior Obligations of the Issuer, unless and until (A) (if Cumulative Deferral is specified as being applicable in the applicable Pricing Supplement) the Issuer has satisfied in full all outstanding Arrears of Distribution, (B) (if Non-Cumulative Deferral is specified as being applicable in the applicable Pricing Supplement) a redemption of all the outstanding Perpetual Securities has occurred, the next scheduled distribution has been paid in full or an Optional Distribution equal to the amount of a distribution payable with respect to the most recent Distribution Payment Date that was unpaid in full or in part, has been paid in full or (C) the Issuer is permitted to do so (or to procure or permit the subsidiaries of AA REIT to do so) by an Extraordinary Resolution (as defined in the Trust Deed) of the Perpetual Securityholders and/or as otherwise specified in the applicable Pricing Supplement.

Redemption at the Option of the Issuer

The Issuer may, by giving not less than 30 nor more than 60 days’ notice to the Perpetual Securityholders (which notice shall be irrevocable), redeem all (but not some only) of the Perpetual Securities on the First Reset Date or on any Distribution Payment Date thereafter at the Redemption Amount, together with distribution accrued to (but excluding) the date fixed for redemption.

First Reset Date: 9 September 2031

Reset Date: The First Reset Date and each date falling every five years thereafter

In the case of a partial redemption of the Perpetual Securities, the notice to Perpetual Securityholders shall also contain the certificate numbers of the Bearer Perpetual Securities or, in the case of Registered Perpetual Securities, shall specify the principal amount of Registered Perpetual Securities drawn and the holder(s) of such Registered Perpetual Securities, to be redeemed, which shall have been drawn by or on behalf of the Issuer in such place and in such manner as may be agreed between the Issuer and the Trustee, subject to compliance with any applicable laws. So long as the Perpetual Securities are listed on the Singapore Exchange Securities Trading Limited (“SGX-ST”), the Issuer shall comply with the rules of the SGX-ST in relation to the publication of any notice of redemption of such Perpetual Securities.
Redemption upon a Regulatory Event

If so provided on the face of the relevant Perpetual Security, the Issuer may, at its option, redeem the Perpetual Securities in whole, but not in part, at any time at their principal amount, together with distributions (including any Arrears of Distribution and any Additional Distribution Amount) accrued from the immediately preceding Distribution Payment Date to (but excluding) the date fixed for redemption, on the Issuer giving not less than 30 nor more than 60 days’ notice to the Perpetual Securityholders and the Trustee (which notice shall be irrevocable and shall oblige the Issuer to redeem the Perpetual Securities), if the Issuer satisfies the Trustee immediately prior to the giving of such notice that as a result of any change in, or amendment to, the Property Funds Appendix, or any change in the application or official interpretation of the Property Funds Appendix, the Perpetual Securities count or will count towards the Aggregate Leverage under the Property Funds Appendix (a “Regulatory Event”), provided that no such notice of redemption shall be given earlier than 90 days prior to the earliest date on which the Perpetual Securities will count towards the Aggregate Leverage.
Price History
(Daily prices for the last 3 months), if you wish to view more than 3 months price history you may export the file
DATE
BID PRICE
ASK PRICE
ASK YIELD (CALL)
ASK YIELD (WORST)
30 Jun 2026101.030101.6303.8993.899
29 Jun 2026101.020101.6373.8973.897
28 Jun 2026100.957101.6373.8973.897
25 Jun 2026100.923101.5973.9063.906
24 Jun 2026100.907101.5373.9193.919
23 Jun 2026100.923101.5603.9153.915
22 Jun 2026100.907101.5433.9183.918
21 Jun 2026100.907101.5433.9183.918
18 Jun 2026100.907101.5433.9193.919
17 Jun 2026100.903101.5333.9213.921
Total of 64 entries
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FSM Global strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.
Credit Rating

There are no credit rating changes for this bond for the past 3 years.

Related Documents
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Pricing Supplement
S$100,000,000 4.25 Per Cent. Subordinated Perpetual Securities. Pricing Supplement dated 26 February 2026.
pdfIcon
Preliminary Pricing Supplement
S$[] [] Per Cent. Subordinated Perpetual Securities. Preliminary Pricing Supplement dated 26 February 2026.
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Offering Circular
S$750,000,000 Multicurrency Debt Issuance Programme. Information Memorandum dated 3 March 2025.
Related Bonds
BOND NAME

ISSUER

MATURITY DATE / NEXT CALL DATE
ASK PRICE
ASK YTM / YTW
BOND CREDIT RATING (S&P/FITCH)
action
BEAAREIT 5.375% Perpetual Corp (SGD)

AIMS APAC REIT

 31 Aug 2026
(Next Call Date)		 100.727 0.893% p.a. ***/N.R
TRANSACT
AAREIT 4.700% Perpetual Corp (SGD)

AIMS APAC REIT

 17 Mar 2030
(Next Call Date)		 102.950 3.837% p.a. ***/N.R
TRANSACT
AAREIT 4.100% Perpetual Corp (SGD)

AIMS APAC REIT

 20 Jan 2031
(Next Call Date)		 101.550 3.726% p.a. ***/N.R
TRANSACT
Total of 3 entries
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FSM's Fees
For more information, please refer to the Pricing Structure
For each Buy & Sell Order (Retail^, Wholesale, Bond Express)
Processing Fee
0.35% / Min. SGD 10*
Platform Fee
0.05% per quarter
Other Charges
Goods & Services Tax (GST)
9% (GST is applicable to Singaporean residents on FSM’s fee)
Order Processing Time
Buy Wholesale Bonds / SGS Bonds / Retail (All payment type)
Generally T+2 business days upon payment clearance
Sell Wholesale Bonds / SGS Bonds / Retail Bonds
Generally T+2 business days (Redemption proceeds will be credited on next day)
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Remark

  1. *Processing fee is subjected to a minimum of SGD 10 (or in its equivalent currency).
  2. ^ For the purchase of the Retail Bonds, FSM Global will be absorbing SGX related Charges, till further notice.
  3. T = Transaction Date
    The Order processing time refers to the order completion and reflected in your account.
    ^The Purchase date will be based on T date

Platform Charge
  1. For the purpose of benefiting from lower rates based on higher investment holding tiers, the effective platform fee rate is based on the total combined holdings of all FSM accounts under main account holder (including beneficiary accounts), while Stock / ETF / Cash Account holdings are excluded from the combined holdings amount.
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Note
  1. All fees and commission quoted are exclusive of Goods and Services Tax (GST).
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Potential Income Explained
EDIT
Est. Payable Amount
SGD 258,725.67
Years to Call
5 years 1+ months
Est. Total Income
SGD 58,437.50
Yield to Call
3.597%
Indicative Cash Flow
Nominal Value
SGD 250,000.00
  • 2031
    Sep
    Coupon
    SGD 5,312.50
    Early Redemption
    SGD 250,000.00
  • Mar
    Coupon
    SGD 5,312.50
  • 2030
    Sep
    Coupon
    SGD 5,312.50
  • Mar
    Coupon
    SGD 5,312.50
  • 2029
    Sep
    Coupon
    SGD 5,312.50
Disclaimer: Cash flow calculations are computed based on current coupon rate till next possible call or maturity date. Figures reflected are indicative and subjected to changes in case of any corporate actions.
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