Singapore's Ascendas REIT redeems S$125 million 5% notes due 2013

By Tali David

Minneapolis, July 22 - Ascendas Funds Management (S) Ltd., manager of Ascendas Real Estate Investment Trust, announced the July 22 redemption of S$125 million of its 5% fixed-rate notes due 2013, according to a notice.

The notes were issued by HSBC Institutional Trust Services (Singapore) Ltd., the trustee of Ascendas REIT, as the first series of notes under a S$1 billion multicurrency medium-term note program established on March 20, 2009.

Ascendas is a business space and light industrial real estate investment trust with a portfolio of 17 properties in Singapore.

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