By Christine Van Dusen
Atlanta, June 23 – Singapore’s Ascott Residence Trust (Ascott REIT) sold S$250 million of 4.68% perpetual notes at par to yield 4.68%, a market source said.
The notes were issued through trustee DBS Trustee Ltd.
OCBC was the sole bookrunner for the Regulation S deal.
Ascott REIT is a Singapore-based pan-Asian residence real estate investment trust and an associate of Singapore property developer CapitaLand.
| Issuer: | DBS Trustee Ltd.
|
| Amount: | S$250 million
|
| Maturity: | Perpetual
|
| Description: | Notes
|
| Bookrunner: | OCBC
|
| Coupon: | 4.68%
|
| Price: | Par
|
| Yield: | 4.68%
|
| Trade date: | June 23
|
| Distribution: | Regulation S
|
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