Ascendas REIT prices $300m green issuance at 3% per annum

Uploaded By:  Frances Gagua Submitted By:  Frances Gagua Case Study:  No The orderbook was in excess of $725m across 57 accounts. Ascendas Real Esetate Investment Trust (Ascendas REIT) has priced its $300m green subordinated perpetual securities at an initial rate of 3% per annum, according to an announcement. The REIT shared that the orderbook for the green issuance was in excess of $725m across 57 accounts. The first distribution rate reset will fall on 17 September 2025 with subsequent resets occurring every five years thereafter. The distribution will be payable semi-annually in arrear on a discretionary basis. read more