Ascendas REIT Issues $85 Million of Green Bonds Due 2032

2022-04-03

The bonds will mature on Feb. 17, 2032. Interest on the bonds is payable semi-annually in arrears, according to a Friday filing.

The trust will use the proceeds from the offering for financing or refinancing certain projects undertaken by the trust.

The bonds, issued under the trust's SG$7 billion euro medium-term securities program, are expected to be admitted to the Official List of the Singapore Exchange today, Feb. 28.

DBS Bank is acting as the sole lead manager for the bonds.

Ascendas REIT (SGX:A17U) completed the acquisition of a new logistics property located at 500 Green Road, Crestmead, in Brisbane, Australia for SG$69.1 million ($51.3 million).

The property obtained practical completion on Feb. 11, according to an after-market disclosure on Monday.

Following the completion, Ascendas REIT now owns a total of 220 properties across Singapore, Australia, the US, and the UK/Europe.

The trust's shares were up 1% in recent trade.$ASCENDAS REAL ESTATE INV TRUST(A17U.SI)$

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Bulltrader
2022-04-04
Bulltrader
good strategy but increase interest cost
SHU.tan
2022-04-04
SHU.tan
bullish on Areit
Jacklyn26
2022-04-04
Jacklyn26
[强] [强] [强]
Lin74
2022-04-03
Lin74
Thank you for sharin g
BlogArca
2022-04-03
BlogArca
Thanks for sharing
Albert945
2022-04-03
Albert945
thanks for sharing

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The bonds, issued under the trust's SG$7 billion euro medium-term securities program, are expected to be admitted to the Official List of the Singapore Exchange today, Feb. 28. DBS Bank is acting as the sole lead manager for the bonds. Ascendas REIT (SGX:A17U) completed the acquisition of a new logistics property located at 500 Green Road, Crestmead, in Brisbane, Australia for SG$69.1 million ($51.3 million). The property obtained practical completion on Feb. 11, according to an after-market disclosure on Monday. Following the completion, Ascendas REIT now owns a total of 220 properties across Singapore, Australia, the US, and the UK/Europe. The trust's shares were up 1% in recent trade.<a href=\"https://laohu8.com/S/A17U.SI\">$ASCENDAS REAL ESTATE INV TRUST(A17U.SI)$</a> </body></html>","htmlText":"<html><head></head><body>The bonds will mature on Feb. 17, 2032. Interest on the bonds is payable semi-annually in arrears, according to a Friday filing. The trust will use the proceeds from the offering for financing or refinancing certain projects undertaken by the trust. The bonds, issued under the trust's SG$7 billion euro medium-term securities program, are expected to be admitted to the Official List of the Singapore Exchange today, Feb. 28. DBS Bank is acting as the sole lead manager for the bonds. Ascendas REIT (SGX:A17U) completed the acquisition of a new logistics property located at 500 Green Road, Crestmead, in Brisbane, Australia for SG$69.1 million ($51.3 million). The property obtained practical completion on Feb. 11, according to an after-market disclosure on Monday. Following the completion, Ascendas REIT now owns a total of 220 properties across Singapore, Australia, the US, and the UK/Europe. The trust's shares were up 1% in recent trade.<a href=\"https://laohu8.com/S/A17U.SI\">$ASCENDAS REAL ESTATE INV TRUST(A17U.SI)$</a> </body></html>","text":"The bonds will mature on Feb. 17, 2032. Interest on the bonds is payable semi-annually in arrears, according to a Friday filing. The trust will use the proceeds from the offering for financing or refinancing certain projects undertaken by the trust. The bonds, issued under the trust's SG$7 billion euro medium-term securities program, are expected to be admitted to the Official List of the Singapore Exchange today, Feb. 28. DBS Bank is acting as the sole lead manager for the bonds. Ascendas REIT (SGX:A17U) completed the acquisition of a new logistics property located at 500 Green Road, Crestmead, in Brisbane, Australia for SG$69.1 million ($51.3 million). The property obtained practical completion on Feb. 11, according to an after-market disclosure on Monday. Following the completion, Ascendas REIT now owns a total of 220 properties across Singapore, Australia, the US, and the UK/Europe. 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