By Rebecca Melvin
Concord, N.H., April 19 – Ascendas Real Estate Investment Trust issued S$208 million of 3.468% green fixed-rate notes due 2029 (A3), according to an announcement on Tuesday.
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.
Oversea-Chinese Banking Corp. was the lead manager and bookrunner for the offering.
Proceeds will be used toward financing or refinancing eligible projects undertaken by Ascendas REIT and its subsidiaries.
Listing for the Regulation S notes is expected on the Singapore Exchange effective April 20.
Ascendas is a business and light industrial real estate investment trust in Singapore.
| Issuer: | HSBC Institutional Trust Services (Singapore) Ltd., for Ascendas Real Estate Investment Trust)
|
| Amount: | S$208 million
|
| Issue: | Green fixed-rate notes
|
| Maturity: | April 19, 2029
|
| Bookrunner: | Oversea-Chinese Banking Corp.
|
| Coupon: | 3.468%
|
| Pricing date: | April 11
|
| Issue date: | April 19
|
| Listing date: | April 20
|
| Listing: | Singapore
|
| Rating: | Moody’s: A3
|
| Distribution: | Regulation S
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
