A-Reit to issue S$300m perpetual bonds at 4.75%

Published Mon, Oct 5, 2015 · 03:02 PM

ASCENDAS Reit (A-Reit) said on Monday it would issue S$300 million worth of subordinated perpetual securities that pay a distribution at the rate of 4.75 per cent.

The manager intends to use the net proceeds to partially fund the acquisition of a portfolio of logistics properties in Australia.

A-Reit has been assigned an "A3" issuer rating and the securities are expected to be rated Baa2 by Moody's Investors Service, Inc.

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Companies & Markets

Companies & Markets

A-Reit to issue S$300m perpetual bonds at 4.75%

Companies & Markets

Porsche posts Q1 profit drop on ramp-up costs

IBM plots US$730 million expansion of Canadian semiconductor site

Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early

Yeo Guat Kwang, John Chen retiring from corporate boards

US: Wall St opens higher

Air China orders homegrown C919s in challenge to jet duopoly

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