By William Gullotti
Buffalo, N.Y., Nov. 1 – Ascendas Real Estate Investment Trust sold a HK$950 million issue of 2.63% 10-year notes (A3) on Monday, according to an announcement.
The notes were issued by HSBC Institutional Trust Services (Singapore) Ltd., trustee of Ascendas, and issued under the company’s S$7 billion euro medium-term securities program.
The notes can be redeemed early for tax reasons.
DBS Bank Ltd. was the lead manager and bookrunner for the offering.
Proceeds will be used toward financing general working capital of Ascendas and its subsidiaries, including financing or refinancing acquisitions.
Listing for the Regulation S notes is expected on the Singapore Exchange effective Nov. 2.
Ascendas is a business and light industrial real estate investment trust in Singapore.
| Issuer: | Ascendas Real Estate Investment Trust
|
| Issue: | Notes
|
| Amount: | HK$950 million
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| Maturity: | Oct. 24, 2031
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| Bookrunner: | DBS Bank Ltd.
|
| Coupon: | 2.63%
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| Call features: | For tax reasons
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| Pricing date: | Oct. 25
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| Issue date: | Nov. 1
|
| Listing date: | Nov. 2
|
| Rating: | Moody’s: A3
|
| Distribution: | Regulation S
|
| ISIN: | XS2403268258
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