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