Issue of S$260 million subordinated perpetual securities by DBS Trustee Limited, in its capacity as trustee of CapitaLand Ascott Real Estate Investment Trust
Allen & Gledhill advised Oversea-Chinese Banking Corporation Limited (“OCBC”) on the issue of S$260 million 4.20% subordinated perpetual securities (“Perpetual Securities”) by DBS Trustee Limited, in its capacity as trustee of CapitaLand Ascott Real Estate Investment Trust.
OCBC was appointed lead manager for the Perpetual Securities.
Advising OCBC were Allen & Gledhill Partners Margaret Chin and Sunit Chhabra.