Issue of HK$1.45 billion notes by HSBC Institutional Trust Services (Singapore) Limited (in its capacity of Ascendas Real Estate Investment Trust)

A&G News 15 April 2019

Allen & Gledhill advised HSBC Institutional Trust Services (Singapore) Limited (in its capacity as trustee of Ascendas Real Estate Investment Trust (“A-REIT”)) (“HSBC Institutional Trust”) and Ascendas Funds Management (S) Limited (in its capacity as manager of A-REIT) (“Ascendas Funds Management”), on the issue of HK$1.45 billion 3.57 per cent. notes due 2029 under the S$5 billion multicurrency medium term note programme established by HSBC Institutional Trust.

Advising HSBC Institutional Trust and Ascendas Funds Management was Allen & Gledhill Partner Daselin Ang.

Advising HSBC Institutional Trust and Ascendas Funds Management on tax issues was Allen & Gledhill Partner Sunit Chhabra.