By Marisa Wong
Madison, Wis., Sept. 27 - Ascott REIT MTN Pte. Ltd. issued ¥5 billion of 2.01% notes due 2018 on Friday, according to an announcement by Ascott Residence Trust Management Ltd., manager of Ascott Residence Trust (Ascott REIT).
The notes were issued at par under the company's S$1 billion multicurrency medium-term note program established in September 2009. The notes will be guaranteed by Ascott REIT MTN's parent company, DBS Trustee Ltd. DBS Trustee is also the trustee of Ascott REIT.
Deutsche Bank AG, Singapore Branch is the dealer for the issue.
Proceeds will be used to refinance existing borrowings.
Ascott REIT is a Singapore-based pan-Asian residence real estate investment trust and an associate of Singapore property developer CapitaLand.
| Issuer: | Ascott REIT MTN Pte. Ltd.
|
| Issue: | Fixed-rate medium-term notes
|
| Guarantor: | DBS Trustee Ltd.
|
| Amount: | ¥5 billion
|
| Maturity: | Sept. 27, 2018
|
| Coupon: | 2.01%
|
| Price: | Par
|
| Yield: | 2.01%
|
| Dealer: | Deutsche Bank AG, Singapore Branch
|
| Settlement date: | Sept. 27
|
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