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Ascendas REIT Sells 9.6 Billion Yen of 2.11375% Notes Due 2018

Feb. 24 (Bloomberg) -- Ascendas Real Estate Investment Trust hired HSBC Holdings Plc to help it sell 9.6 billion yen ($117 million) of 2.11375 percent notes due February 2018, according to a Singapore stock exchange announcement.

The notes were sold under the company’s S$1 billion medium-term notes program established in 2009 and the resulting funds were swapped into Singapore dollars, resulting in net proceeds of about S$148.4 million, the statement said. Those funds will be used to refinance debt and for general working capital purposes, it said.

Link to Company News:{AREIT SP <Equity> CN <GO>}

To contact the editor responsible for this story: Katrina Nicholas at knicholas2@bloomberg.net

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