The distribution will be payable semi-annually in arrear on a discretionary basis, starting on March 17, 2021 and occurring on March 17 and Sept 17 each year.
Net proceeds from the issue will be used for financing or refinancing, in whole or in part, certain projects defined in the pricing supplement, undertaken by Ascendas Reit and its subsidiaries in accordance with the Ascendas Reit Green Finance Framework. Said William Tay, chief executive officer and executive director of the Reit manager:"We will be incorporating more 'green' initiatives into our core business strategy, for example in the areas of financing, property development and asset improvements. This is an important commitment on our part to contribute to conserving the environment."Ascendas Reit unit closed at S$3.27 on Thursday, down three Singapore cents or 0.91 per cent.
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