Ascendas India Trust prices 4 billion yen notes

Singapore two-dollar bills

Ascendas India Trust has priced 4 billion yen 0.64375 percent notes due 2023, or the series 009 notes, at 0.64375 percent per annum with a tenor of five years, the trust manager said in a filing to SGX on Friday.

The notes were issued under Ascendas India Trust’s S$500 million multicurrency debt issuance program, Ascendas Property Fund Trustee, the trust manager, said in the statement.

The net proceeds will be used to refinance loans, fund expected disbursement for construction financing and for general corporate purposes, it said.

The notes are expected to be issued on 17 December, the filing said.

Mizuho Securities Asia was appointed dealer for the series 009 notes, it said.

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