Home News Environmental, Social and Governance

Ascott Residence Trust is first hospitality trust to issue $200 mil sustainability-linked bond

Chloe Lim
Chloe Lim4/20/2022 03:46 PM GMT+08  • 3 min read
Ascott Residence Trust is first hospitality trust to issue $200 mil sustainability-linked bond
ART is the largest hospitality trust in APAC with an asset value of $7.7 billion as at Dec 31, 2021
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Ascott Residence Trust (ART) has issued its first sustainability-linked bond of $200 million under its Sustainability-Linked Finance Framework. The trust is the first Singapore-listed real estate trust to issue a sustainability-linked bond, in addition to being the first hospitality trust in Singapore to secure a green loan in Jan 2021.

ART is the largest hospitality trust in APAC with an asset value of $7.7 billion as at Dec 31, 2021, with an international portfolio comprising 93 properties with over 17,000 units in 43 cities across 15 countries in APAC, Europe and the US.

The bond is issued pursuant to its $2 billion Multicurrency Debt Issuance Programme, with proceeds from the bond issuance used to refinance ART’s existing borrowings.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.