Ascott Residence Trust (SG:HMN) has released an update.
Ascott Residence Trust has announced the pricing of S$120 million 3.69% notes due in 2029, part of its S$2 billion multicurrency debt issuance program. The notes are managed by CapitaLand Ascott Trust Management Limited and CapitaLand Ascott Business Trust Management Pte. Ltd. This marks a significant financial move for the trust, with an emphasis on expanding its investment capabilities without registering the securities in the United States or other select markets.
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