CapitaLand Ascott Trust (SGX:HMN) issued SG$260 million worth of 4.20% subordinated perpetual bonds under its SG$2 billion multicurrency debt issuance program, according to a Wednesday filing with the Singapore Exchange.
Oversea-Chinese Banking Corp. has been appointed as the lead manager and bookrunner for the bonds, which are expected to be issue on or around May 28.
Proceeds from the issuance will be used to refinance existing borrowings and financing asset enhancing initiatives.
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