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CapitaLand Ascott REIT prices $150m perpetual securities at 4.60%

The REIT plans to issue the securities on or around 7 August.

CapitaLand Ascott Real Estate Investment Trust (CapitaLand Ascott REIT) has priced its $150m subordinated perpetual securities at 4.60%.

The perpetual securities are under the REIT’s S$2b Multicurrency Debt Issuance Programme.

The REIT plans to issue the perpetual securities on or around 7 August,  subject to the satisfaction of customary closing conditions. 

The REIT will use proceeds from the issuance for the redemption of the $150m Fixed Rate Perpetual Securities.

 

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