Bond Factsheet
ARTSP 3.690% 15Mar2029 Corp (SGD)
Ascott REIT MTN Pte Ltd
Indicative
Full Lot
Bid Price 102.250
Change in Bid Price
-
Bid Yield (%) 2.731 %
Change in Bid Yield 0.001
Ask Price 102.750
Change in Ask Price
-
Ask Yield (%) 2.521 %
Change in Ask Yield 0.002
Indicative price as of 02 Oct 2026, 4:33pm
Bond Issuer
Ascott REIT MTN Pte Ltd
Guarantor
CapitaLand Ascott REIT
Announcement Date
08 Mar 2024
Issue Date
15 Mar 2024
Maturity Date
15 Mar 2029
Years to Maturity / Next Call
2.449 / -
Modified Duration
2.326 @ 02 Oct 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
3.690
Coupon Type
Fixed
Annual Coupon Rate
3.690
Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Reference Rate
-
ISIN
SGXF65834677
CUSIP
ZD5735513
Bond Currency
SGD
Total Issue Size
120,000,000
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
Cessation Put
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. To exercise such option, the holder must deposit (in the case of Bearer Notes) such Note (together with all unmatured Coupons and unexchanged Talons) with the Issuing and Paying Agent or any other Paying Agent at its specified office or (in the case of Registered Notes) the Certificate representing such Note(s) with the Registrar or the Transfer Agent at its specified office, together with a duly completed Exercise Notice in the form obtainable from the Issuing and Paying Agent, the Registrar or any other Transfer Agent (as applicable), no later than 30 days after the Effective Date. The relevant Issuer shall, within seven days after the Effective Date, notify the Trustee, the Issuing and Paying Agent and the Noteholders of the occurrence of the event specified in this Condition 6(e)(ii) (provided that any failure by the relevant Issuer to give such notice shall not prejudice any Noteholder of such option). Any Note or Certificate so deposited may not be withdrawn (except as provided in the Agency Agreement) without the prior consent of the relevant Issuer.
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.
Additional Note
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.
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