Bond Factsheet
ARTSP 5.000% 18May2026 Corp (SGD)
Ascott REIT MTN Pte Ltd
Indicative
Full Lot
Bid Price 100.014
Change in Bid Price 0.005
Bid Yield (%) -
Change in Bid Yield
-
Ask Price 100.034
Change in Ask Price 0.015
Ask Yield (%) -
Change in Ask Yield
-
Indicative price as of 18 May 2026, 12:00am
Bond Issuer
Ascott REIT MTN Pte Ltd
Guarantor
Ascott Residence Trust
Announcement Date
10 Nov 2022
Issue Date
18 Nov 2022
Maturity Date
18 May 2026
Years to Maturity / Next Call
- / -
Modified Duration
-
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
5.000
Coupon Type
Fixed
Annual Coupon Rate
5.000
Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Reference Rate
-
ISIN
SGXF79339861
CUSIP
ZN3026780
Bond Currency
SGD
Total Issue Size
165,000,000
Min. Investment Quantity (Nominal)
SGD 250,000
Incremental Quantity (Nominal)
SGD 250,000
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Real Estate Investment Trusts
Issuer Credit Rating (S&P/ Fitch)
***/ N.R
Bond Credit Rating (S&P/ Fitch)
***/ BBB
Shariah Compliant
No
Exchange Listed
SGX
Issuer Call
In the event that Ascott REIT is or is to be terminated in accordance with the provisions of the Ascott REIT Trust Deed (as defined in the Trust Deed), the relevant Issuer shall redeem all (and not some only) of the Notes at their Redemption Amount together with interest accrued to the date fixed for redemption on any date on which interest is due to be paid on such Notes or, if earlier, the date of termination of Ascott REIT.
The relevant Issuer shall forthwith notify the Trustee, the Issuing and Paying Agent, the Registrar, the Transfer Agent and the Noteholders of the termination of Ascott REIT and the proposed date of redemption of the Notes.
Redemption in The Case Of Minimum Outstanding Amount
If so provided hereon, the Notes may be redeemed at the option of the relevant Issuer in whole, but not in part, on any Interest Payment Date or, if so specified hereon, at any time on giving not less than 30 nor more than 60 days’ notice to the Noteholders (which notice shall be irrevocable), at their Redemption Amount together with interest accrued to (but excluding) the date fixed for redemption if, immediately before giving such notice, the aggregate principal amount of the Notes outstanding is less than 10 per cent. of the aggregate principal amount originally issued.
Cessation Put
(ii) In the event that (1) (A) (for so long as the Ascott REIT Units and the Ascott BT Units are Stapled) the Stapled Units or (B) (in the case where the Ascott REIT Units and the Ascott BT Units are not Stapled) the Ascott REIT Units cease to be listed and/or traded on the Singapore Exchange Securities Trading Limited (“SGX-ST”) or (2) trading in the Stapled Units or, as the case may be, the Ascott REIT Units on the SGX-ST is suspended for a continuous period exceeding 10 consecutive market days, the relevant Issuer shall, at the option of the holder of any Note, redeem such Note at its Redemption Amount, together with interest accrued to (but excluding) the date fixed for redemption on the date (or, if such date is not a business day, on the immediately preceding business day) falling 45 days after the Effective Date.
For the purposes of this Condition 6(e)(ii):
(aa) “Ascott REIT Units”, “Ascott BT Units”, “Stapled” and “Stapled Units” bear the same meanings as ascribed to them in the Trust Deed;
(bb) “Effective Date” means (in the case of (1) above) the date of cessation of listing and/or trading or (in the case of (2) above) the business day immediately following the expiry of such continuous period of 10 consecutive market days; and
(cc) “market day” means a day on which the SGX-ST is open for securities trading.
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