By Marisa Wong
Madison, Wis., Aug. 15 – Ascott REIT MTN Pte. Ltd. issued ¥7 billion of 1.654% notes on Friday, according to an announcement by Ascott Residence Trust Management Ltd., manager of Ascott Residence Trust (Ascott REIT).
The six-year notes were issued at par under the company’s S$1 billion multicurrency medium-term note program established in September 2009. The notes will be guaranteed by Ascott REIT MTN’s parent company, DBS Trustee Ltd. DBS Trustee is also the trustee of Ascott REIT.
Oversea-Chinese Banking Corp. Ltd. is the dealer for the issue.
Proceeds will be used for general corporate purposes.
Ascott REIT is a Singapore-based pan-Asian residence real estate investment trust and an associate of Singapore property developer CapitaLand.
| Issuer: | Ascott REIT MTN Pte. Ltd.
|
| Guarantor: | DBS Trustee Ltd.
|
| Issue: | Fixed-rate medium-term notes
|
| Amount: | ¥7 billion
|
| Maturity: | Aug. 15, 2020
|
| Dealer: | Oversea-Chinese Banking Corp. Ltd.
|
| Coupon: | 1.654%
|
| Price: | Par
|
| Yield: | 1.654%
|
| Settlement date: | Aug. 15
|
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