Ascott Residence Trust issued $150m in fixed rate perpetual securities

It will be used to fund the redemption of $150m 5% perpetual securities.

Ascott Residence Trust (REIT) issued $150m in aggregate principal amount of fixed rate perpetual securities through DBS, an announcement revealed.

The net proceeds arising from the issue (after the deduction of commissions, fees and expenses in connection with the issue) will be used to fund the redemption of the Ascott REIT$150m 5.00% perpetual securities with first call date on 27 October.

Accordingly, Singapore Exchange Securities Tradings Limited (SGX-ST) has granted approval for the listing and quotation of the securities. Furthermore, the securities are expected to be admitted to the official of the SGX-ST with effect from 9:00 AM on 5 September 2019.

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