ARA US Hospitality Trust S$800 million stapled debt issuance programme

Overview:

• Hospitality REIT, ARA US Hospitality Trust, has established an S$800 million multicurrency stapled debt issuance programme.
• This is the first debt issuance programme in Singapore to feature both the issuance of stapled debt securities as well as issuers whose subsidiary or associate qualifies as a real estate investment trust for US federal income tax purposes or for portfolio interest exemption under the US Inland Revenue Code.
• This is the second stapled debt securities debt issuance programme, and the second debt issuance programme by an issuer whose subsidiary qualifies as a US REIT, in Singapore. 

Shah Shameer Ahmed - Researcher