Issue of S$700 million green notes by HSBC Institutional Trust Services (Singapore) Limited (in its capacity as trustee of CapitaLand Ascendas REIT Management Limited)
Allen & Gledhill advised CapitaLand Ascendas REIT Management Limited (in its capacity as manager of CapitaLand Ascendas REIT) on the issue of S$700 million 2.343% green notes due 2032 (“Notes”) under the S$7 billion Euro medium term securities programme established by HSBC Institutional Trust Services (Singapore) Limited (in its capacity as trustee of CapitaLand Ascendas REIT Management Limited).
The Notes were issued under CapitaLand Ascendas REIT’s Green Finance Framework (“Framework”).
The Framework is prepared in line with the International Capital Market Association’s Green Bond Principles 2021 (including the June 2022 Appendix 1), and the Loan Market Association, the Asia Pacific Loan Market Association and the Loan Syndications and Trading Association’s Green Loan Principles 2023, and guides CapitaLand Ascendas REIT in the allocation and management of the proceeds raised from the issuance as well as future green financing transactions.
Advising CapitaLand Ascendas REIT Management Limited were Allen & Gledhill Partners Margaret Chin and Sunit Chhabra.
