CapitaLand Ascendas Reit issues S$300 million green notes due 2034 at 3.73%
The notes will be issued in denominations of S$250,000
CAPITALAND Ascendas Real Estate Investment Trust (Reit) has issued a S$300 million 10-year green bond through its trustee, HSBC Institutional Trust Services (Singapore) Limited.
The senior unsecured fixed rate green notes will bear a coupon of 3.73 per cent per annum, or 66.1 basis points over the 10-year Singapore Overnight Rate Average, said DBS on Monday (May 20).
DBS and OCBC are joint lead managers and joint bookrunners for the bond.
The interest will be paid semi-annually in arrear on May 29 and Nov 29 of each year, while the notes will be issued in denominations of S$250,000.
Net proceeds will be used for financing or refinancing eligible projects undertaken by CapitaLand Ascendas Reit in accordance with its green finance framework.
The Reit’s units closed 0.4 per cent or S$0.01 lower at S$2.64, before the announcement.
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