Ascendas REIT trustee to issue €300m in notes due 2028

The notes are expected to be issued on June 23rd.

HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of Ascendas REIT, has priced on 16 June 2021 the €300m (S$480.8m) 0.75% notes due on 2028.

It was reported in a bourse filing on Thursday that the notes fall under Ascendas REIT's S$7b euro medium term securities programme.

The notes have a fixed interest rate of 0.75% per annum and a reoffer yield of 0.773% per annum, and are expected to be issued on June 23, 2021.

This is subject to customary closing conditions and set to mature seven years after.

Appointed as joint lead managers are BNP Paribas, MUFG Securities Asia, Natixis, and HSBC Continental Europe.

The net proceeds from the issue will be used to finance Ascendas REIT's general capital purposes. This will include financing and refinancing acquisitions.

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