SINGAPORE (July 2): The Monetary Authority of Singapore (MAS), the central bank of Singapore, is reviewing the current leverage limit of 45% for Singapore-listed REITs or S-REITs to give them the flexibility to optimise their capital structure.

This was one of the amendments to the Code on Collective Investment Schemes (CIS Code) proposed by MAS, which is also seeking public feedback on the changes.

MAS says one possibility is to use a combination of leverage limit and minimum interest coverage requirement — a measure of the ability of a REIT to...(click on link for full story on theedgesingapore.com)