Ascendas REIT S$345 million private placement

20/1/2016

Private placement of shares

Value:

S$ 345 million

Status:

Completed

Date:

20/1/2016

Overview:

Ascendas REIT has undertaken a S$345 million private placement—S$200 million were privately placed and the other S$145 million were preferentially offered.
JPMorgan acted as lead manager and underwriter in the transaction.
Part of the proceeds were used to acquire a business park property in Singapore as well as a logistics property in Australia.

Katrin Kostadinova - Data analyst

Jurisdiction:

Singapore

Deal type:

Private placement of shares

Practice area:

Capital markets : Equity

Governing law:

Singapore

Industry sector:

Real estate

Firms:

Allen & Gledhill

Party: Ascendas (Issuer)

Allen & Overy

Party: JP Morgan (Lead manager, Underwriter)

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