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.

Join Singapore Business Review community
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!

Meanwhile, a record 583 non-landed homes sold for more than $2m each in the first nine months of the year.
The merger will create a flagship pan-Asia logistics and high-tech S-REIT.
It is followed closely by the identification app SingPass.
The index tracks REITs in the APAC region with higher dividend yields and positive environmental attributes.
Both companies will create training programs to support digital entrepreneurship and digital upskilling for Grab partners.
The deal is focused on M1’s network assets. 
This is a part of the Lion City's bid to become a global maritime knowledge and innovation hub.
Risks, however, are present with the financial troubles faced by the real estate sector in China. 
This comes as more Singaporeans turn to gaming in the midst of the pandemic. 
Retail sector has experienced the “most disruptions” with the changing restrictions.
The company was commended for being a global and regional sector leader in five categories.
The CEO designate said he aims to drive development in the company’s business units.   Gary Ho,  who played an instrumental role in the Initial Public Offering (IPO) of Nanofilm Technologies International Limited, has been appointed Chief Executive Officer of the company.
Analysts said strong leasing activity in Q3 played a factor.
Islandwide prime retail rents saw a dip by 0.6% q-o-q. 
Jardine Cycle & Carriage, Keppel Corporation and Frasers Logistics & Commercial showed the most growth.