By Marisa Wong
Madison, Wis., Feb. 24 - Ascendas Real Estate Investment Trust said it issued ¥9.6 billion of 2.11375% fixed-rate notes due Feb. 24, 2018 under its S$1 billion multi-currency secured medium-term note program.
Interest is payable semiannually.
Oversea-Chinese Banking Corp. Ltd. is the agent. HSBC Institutional Trust Services (Singapore) Ltd. is the trustee.
The company said the notes were immediately swapped into Singapore dollars upon issuance.
Proceeds will be used to refinance its existing borrowings and for general working capital.
Ascendas is a business space and light industrial real estate investment trust with a diversified portfolio of 17 properties in Singapore. It is managed by Ascendas-MGM Funds Management Ltd.
| Issuer: | Ascendas Real Estate Investment Trust
|
| Issue: | Fixed-rate medium-term notes
|
| Amount: | ¥9.6 billion
|
| Maturity: | Feb. 24, 2018
|
| Agent: | Oversea-Chinese Banking Corp. Ltd.
|
| Coupon: | 2.11375%, payable semiannually
|
| Announcement date: | Feb. 24
|
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