Ascott Residence Trust Management S$250 million perpetual bond issue

30/6/2015

Investment grade bond/note issue

Value:

S$ 250 million

Status:

Completed

Date:

30/6/2015

Overview:

Ascott Residence Trust Management has undertaken a S$250 million perpetual bond issue.
Sole lead manager and bookrunner of the transaction was Oversea-Chinese Banking Corporation.
It was Ascott Residence Trust Management's second issuance of perpetual bonds, following a S$150 million 5% perpetual callable issued the previous October.

Katrin Kostadinova - Data analyst

Jurisdiction:

Singapore

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

Singapore

Industry sector:

Real estate

Firm:

Allen & Gledhill

Party: DBS Trustee (Issuer)

Party: Ascott Residence Trust Management (Manager)

Lawyers: Bor Jern Chua, Jerry Koh

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