CapitaLand Ascendas REIT Issues S$300 Million Green Perpetual Securities

CapitaLand Ascendas REIT ( (SG:A17U) ) just unveiled an update.

CapitaLand Ascendas REIT has issued S$300 million in Fixed Rate Subordinated Green Perpetual Securities under its S$7 billion Euro Medium Term Securities Programme. The issuance, managed by DBS Bank Ltd. and Oversea-Chinese Banking Corporation Limited, aims to refinance existing borrowings and enhance the company’s financial flexibility. The securities, which offer a 3.18% distribution rate until 2030, are part of the company’s strategy to strengthen its capital structure and maintain its competitive position in the real estate investment sector.

The most recent analyst rating on (SG:A17U) stock is a Buy with a S$3.10 price target. To see the full list of analyst forecasts on CapitaLand Ascendas REIT stock, see the SG:A17U Stock Forecast page.

More about CapitaLand Ascendas REIT

CapitaLand Ascendas REIT is a real estate investment trust based in Singapore, focusing on the management and development of industrial, business park, and logistics properties. It operates under a trust deed and is part of a larger Euro Medium Term Securities Programme.

Average Trading Volume: 13,080,919

Technical Sentiment Signal: Strong Buy

Current Market Cap: S$12.48B

For a thorough assessment of A17U stock, go to TipRanks’ Stock Analysis page.