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Ascendas REIT prices $300 mil green perpetual securities, first in Asia

Felicia Tan
Felicia Tan9/10/2020 10:08 PM GMT+08  • 2 min read
Ascendas REIT prices $300 mil green perpetual securities, first in Asia
This also marks the second green issuance under A-REIT’s green finance framework.
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Ascendas REIT (A-REIT) has successfully priced its $300 million green subordinated securities on September 10, making it the first to do so in Asia.

This also marks the second green issuance under A-REIT’s green finance framework prepared under the green bond principles in 2018, and the green loan principles in 2020.

The green perpetual securities, which are issued under A-REIT’s $7 billion Euro Medium Term Securities Programme, will have an initial rate of 3% per annum.

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