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CapitaLand Ascott Trust prices S$150 million of perpetuals at 4.6%

OCBC has been appointed the lead manager and bookrunner

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Sharanya Pillai

Sharanya Pillai

Published Mon, Jul 29, 2024 · 11:16 PM
    • Clas' portfolio includes US student accommodation Standard at Columbia (pictured).
    • Clas' portfolio includes US student accommodation Standard at Columbia (pictured). PHOTO: CLAS

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    HOSPITALITY player CapitaLand Ascott Trust (Clas) has priced S$150 million in perpetual securities at 4.6 per cent, it announced on Monday (Jul 29).

    The issuance is expected to be on or around Aug 7.

    The move is part of Clas’ S$2 billion multicurrency debt issuance programme established in September 2009. OCBC has been appointed the lead manager and bookrunner in the latest issuance.

    The net proceeds will be used for the redemption of S$150 million in fixed-rate perpetual securities issued by DBS Trustee that have a first-call date on Sep 4.

    Units of Clas ended flat at S$0.90 on Monday.

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    CAPITALAND ASCOTT TRUSTPerpetuals

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