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.