The firm has also entered into a supplemental trust deed with DBS Trustee.
Ascendas Property Fund Trustee has increased the maximum aggregate principal amount of notes and perpetual securities from $500m to $1.5b, issued under the $500m multicurrency debt issuance programme, an announcement revealed.
In conjunction with the increase in programme limit, Acendas has entered into a supplemental trust deed with DBS Trustee. The Supplemental Trust Deed applies only in respect of Securities issued under the Updated Programme.
Citicorp Investment Bank and DBS Bank are the arrangers and dealers for the programme.
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