, Singapore
183 views
Photo from Shutterstock

CapitaLand Ascott REIT prices $150m perpetual securities at 4.60%

The REIT plans to issue the securities on or around 7 August.

CapitaLand Ascott Real Estate Investment Trust (CapitaLand Ascott REIT) has priced its $150m subordinated perpetual securities at 4.60%.

The perpetual securities are under the REIT’s S$2b Multicurrency Debt Issuance Programme.

The REIT plans to issue the perpetual securities on or around 7 August,  subject to the satisfaction of customary closing conditions. 

The REIT will use proceeds from the issuance for the redemption of the $150m Fixed Rate Perpetual Securities.

 

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.