By Marisa Wong
Madison, Wis., Aug. 19 – Ascendas India Trust priced S$50 million of 3.8% notes, according to an announcement by trustee-manager Ascendas Property Fund Trustee Pte. Ltd.
The five-year notes will be issued under the trust’s S$500 million multicurrency debt issuance program.
Hongkong and Shanghai Banking Corp. Ltd. and Mizuho Securities Asia Ltd. are the dealers for the series 005 notes.
Proceeds will be used for refinancing existing debt.
Settlement is slated for Aug. 27. Listing on the Singapore Stock Exchange Securities Trading Ltd. will occur on Aug. 28.
Ascendas India is a real estate investment trust with a portfolio in India and is a member of Singapore’s Ascendas real estate investment group.
| Issuer: | Ascendas India Trust
|
| Issue: | Notes, series 005
|
| Amount: | S$50 million
|
| Maturity: | 2019
|
| Coupon: | 3.8%
|
| Dealers: | Hongkong and Shanghai Banking Corp. Ltd. and Mizuho Securities Asia Ltd.
|
| Settlement date: | Aug. 27
|
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