HSBC Institutional Trust Services (Singapore) Limited’s €300 Million Fixed Rate Notes

Allen & Gledhill advised Ascendas Funds Management (S) Limited in its capacity as manager of Ascendas Real Estate Investment Trust.

HSBC Institutional Trust Services (Singapore) Limited (in its capacity as trustee of Ascendas REIT) issued €300 million 0.750% fixed rate notes due 2028 under the S$7 billion Euro medium term securities programme. 

Net proceeds from the issue will be used towards financing the Reit’s general working capital purposes, including financing or refinancing acquisitions.

Ascendas Reit (SGX:A17U) is Singapore’s first and largest listed business space and industrial Real Estate Investment Trust. 

HSBC Institutional Trust Services Limited provides banking services. 

Advising Ascendas Funds Management (S) Limited as to Singapore law were Allen & Gledhill Partners Margaret Chin (Picture) and Sunit Chhabra.

Involved fees earner: Sunit Chhabra – Allen & Gledhill LLP; Margaret Chin – Allen & Gledhill LLP;

Law Firms: Allen & Gledhill LLP;

Clients: Ascendas Funds Management (S) Limited ;

Author: Sonia Carcano