Ascott REIT issues $61.37m notes at 0.97%

Proceeds will be used to refinance borrowings.

Ascott Residence Trust (Ascott REIT) priced its $61.37m (JPY5b) notes due 2025 at 0.97%, an announcement revealed.

The newly issued fixed rate notes are part of the $1b multicurrency medium term note programme launched back in September 2009.

Ascott REIT has appointed OCBC to be the dealer of the issuance of said notes.

The net proceeds from the notes will be utilised by the firm to refinance its existing borrowings.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia