CPI Property Group Launches Note Exchange Offer

CPI Property Group has announced an exchange offer for its outstanding SGD and EUR Notes. This initiative invites qualifying holders to exchange their notes for newly issued euro-denominated undated subordinate notes and a cash amount. The aim is to maintain CPI's capital structure and support credit metrics by offering investors in SGD and EUR notes an alternative. The new notes will have an initial interest rate of 7.500% per annum, with subsequent adjustments based on market conditions.

This offer is conditional on issuing at least €200,000,000 in new notes. The offer period begins on 12 June 2025 and ends on 19 June 2025, with settlement expected on 24 June 2025. The exchange aims to maintain or regain equity credit for CPI, ensuring financial stability. Investors are advised to consider the exchange offer memorandum carefully before participating due to the complex nature of these financial instruments.