Ascendas REIT issues HK$950m notes

The notes have a 2.63% fixed interest rate per annum.

Ascendas Real Estate Investment Trust (Ascendas REIT) issued HK$950,000,000 worth of notes with a 2.63% fixed interest rate per annum payable annually in arrear.

The REIT’s manager said net proceeds from the note issuance will be used to finance the general working capital purposes of Ascendas REIT and its subsidiaries. This includes financing or refinancing the acquisitions of the REIT and its subsidiaries.

The notes are expected to be admitted to the SGX-ST’s official list from 9 a.m. on 2 November 2021.

“Approval in-principle has been received from the Singapore Exchange Securities Trading Limited (the “SGX-ST”) for permission to deal in and the listing and quotation of the Notes on the SGX-ST,” the REIT’s manager said in a bourse filing.

Meanwhile, the REIT’s directors have appointed DBS Bank Ltd. as the sole lead manager for the notes.

The notes will mature on 24 October 2031.

Follow the link for more news on

Ascendas REIT

notes issuance

Also Read

HKMA announces $500m 15-year government bonds tender

InvestHK opens office in Cairo

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit