POST-TRANSACTION PAYMENT ENABLED BOND COMPLEXITY : MODERATE ISIN: SGXF65834677
ARTSP 3.690% 15Mar2029 Corp (SGD)
ASCOTT REIT MTN PTE LTD
Indicative Bid Price
103.900
Bid Yield to Maturity
2.206%
Min. Investment (Nominal)
250000
Indicative Ask Price
104.500
Ask Yield to Maturity
1.984%
Maturity Date
14 Mar 2029
Credit Rating (Bond)
BBB
Investment Grade
Seniority
Senior Unsecured
Investor Profile
 Stable Income Seeker
Chart
Created with Highcharts 9.3.2Bid Yield to MaturityAsk Yield to Maturity22. May24. May26. May28. May30. May1. Jun3. Jun5. Jun7. Jun9. Jun11. Jun13. Jun15. Jun17. Jun19. Jun21. Jun1.9522.052.12.152.22.252.3fundsupermart.com
Bond Information
Ascott REIT MTN Pte. Ltd. operates as a special purpose entity. The Company was formed for the purpose of issuing debt securities to repay existing credit facilities, refinance indebtedness, and for acquisition purposes.
Bond Issuer
Ascott REIT MTN Pte Ltd
Guarantor
CapitaLand Ascott REIT
Announcement Date
07 Mar 2024
Issue Date
14 Mar 2024
Maturity Date / Next Call Date
14 Mar 2029 (Maturity Date)
Years to Maturity / Next Call
2.729 / -
Issue/Reoffer Price
100.000
Issue/Reoffer Yield
3.690
Coupon Type
Fixed
Annual Coupon Rate (%)
3.69
Annual Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Exchange Listed
SGX
Reference Rate
-
ISIN
SGXF65834677
CUSIP
ZD5735513
Bond Currency
SGD
Total Issue Size
SGD 120,000,000
Minimum Investment Quantity (Nominal)
SGD 250,000
Incremental Quantity (Nominal)
SGD 250,000
Bond Registration
Wholesale
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Real Estate Investment Trusts
Issuer Credit Rating (S&P/ Fitch)
***/N.R
Bond Credit Rating (S&P/ Fitch)
***/BBB
Shariah Compliant
No
W-8BEN Declaration needed
No
Bond Feature(s)
Redemption At Option Of Noteholders Upon Cessation Or Suspension Of Listing And/Or Trading Of Units

In the event that (1) (A) (for so long as the Ascott REIT Units and the Ascott BT Units are Stapled) the Stapled Units or (B) (in the case where the Ascott REIT Units and the Ascott BT Units are not Stapled) the Ascott REIT Units cease to be listed and/or traded on the Singapore Exchange Securities Trading Limited (“SGX-ST”) or (2) trading in the Stapled Units or, as the case may be, the Ascott REIT Units on the SGX-ST is suspended for a continuous period exceeding 10 consecutive market days, the relevant Issuer shall, at the option of the holder of any Note, redeem such Note at its Redemption Amount, together with interest accrued to (but excluding) the date fixed for redemption on the date (or, if such date is not a business day, on the immediately preceding business day) falling 45 days after the Effective Date. To exercise such option, the holder must deposit (in the case of Bearer Notes) such Note (together with all unmatured Coupons and unexchanged Talons) with the Issuing and Paying Agent or any other Paying Agent at its specified office or (in the case of Registered Notes) the Certificate representing such Note(s) with the Registrar or the Transfer Agent at its specified office, together with a duly completed Exercise Notice in the form obtainable from the Issuing and Paying Agent, the Registrar or any other Transfer Agent (as applicable), no later than 30 days after the Effective Date. The relevant Issuer shall, within seven days after the Effective Date, notify the Trustee, the Issuing and Paying Agent and the Noteholders of the occurrence of the event specified in this Condition 6(e)(ii) (provided that any failure by the relevant Issuer to give such notice shall not prejudice any Noteholder of such option). Any Note or Certificate so deposited may not be withdrawn (except as provided in the Agency Agreement) without the prior consent of the relevant Issuer.

For the purposes of this Condition 6(e)(ii):

(aa) “Ascott REIT Units”, “Ascott BT Units”, “Stapled” and “Stapled Units” bear the same meanings as ascribed to them in the Trust Deed;

(bb) “Effective Date” means (in the case of (1) above) the date of cessation of listing and/or trading or (in the case of (2) above) the business day immediately following the expiry of such continuous period of 10 consecutive market days; and

(cc) “market day” means a day on which the SGX-ST is open for securities trading.
Mandatory Redemption upon Termination of Ascott REIT

In the event that Ascott REIT is or is to be terminated in accordance with the provisions of the Ascott REIT Trust Deed (as defined in the Trust Deed), the relevant Issuer shall redeem all (and not some only) of the Notes at their Redemption Amount together with interest accrued to the date fixed for redemption on any date on which interest is due to be paid on such Notes or, if earlier, the date of termination of Ascott REIT. The relevant Issuer shall forthwith notify the Trustee, the Issuing and Paying Agent, the Registrar, the Transfer Agent and the Noteholders of the termination of Ascott REIT and the proposed date of redemption of the Notes.

Redemption in the case of Minimum Outstanding Amount

If so provided hereon, the Notes may be redeemed at the option of the relevant Issuer in whole, but not in part, on any Interest Payment Date or, if so specified hereon, at any time on giving not less than 30 nor more than 60 days’ notice to the Noteholders (which notice shall be irrevocable), at their Redemption Amount together with interest accrued to (but excluding) the date fixed for redemption if, immediately before giving such notice, the aggregate principal amount of the Notes outstanding is less than 10 per cent. of the aggregate principal amount originally issued.
Price History
(Daily prices for the last 3 months), if you wish to view more than 3 months price history you may export the file
DATE
BID PRICE
ASK PRICE
ASK YIELD (MATURITY)
21 Jun 2026103.900104.5001.984
18 Jun 2026103.900104.5001.985
17 Jun 2026103.900104.5001.987
16 Jun 2026103.900104.5001.992
15 Jun 2026103.900104.5001.993
14 Jun 2026103.900104.5001.995
11 Jun 2026103.900104.5001.996
10 Jun 2026103.900104.5001.998
09 Jun 2026103.900104.5002.003
08 Jun 2026103.900104.5002.004
Total of 64 entries
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FSM Global strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.
Credit Rating

There are no credit rating changes for this bond for the past 3 years.

Related Documents
pdfIcon
Pricing Supplement
Issue Of S$120,000,000 3.69 Per Cent. Notes Due 2029 Under The S$2,000,000,000 Multicurrency Debt Issuance Programme. Pricing Supplement is 8 March 2024.
pdfIcon
Preliminary Pricing Supplement
Preliminary Pricing Supplement Dated 8 March 2024.
pdfIcon
Offering Circular
S$2,000,000,000 Multicurrency Debt Issuance Programme. Information Memorandum dated 9 July 2020.
Related Bonds
BOND NAME

ISSUER

MATURITY DATE / NEXT CALL DATE
ASK PRICE
ASK YTM / YTW
BOND CREDIT RATING (S&P/FITCH)
action
ARTSP 4.200% 06Sep2028 Corp (SGD)

Ascott REIT MTN Pte Ltd

 05 Sep 2028 105.025 1.856% p.a. ***/BBB
TRANSACT
Total of 1 entries
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FSM's Fees
For more information, please refer to the Pricing Structure
For each Buy & Sell Order (Retail^, Wholesale, Bond Express)
Processing Fee
0.35% / Min. SGD 10*
Platform Fee
0.05% per quarter
Other Charges
Goods & Services Tax (GST)
9% (GST is applicable to Singaporean residents on FSM’s fee)
Order Processing Time
Buy Wholesale Bonds / SGS Bonds / Retail (All payment type)
Generally T+2 business days upon payment clearance
Sell Wholesale Bonds / SGS Bonds / Retail Bonds
Generally T+2 business days (Redemption proceeds will be credited on next day)
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Remark

  1. *Processing fee is subjected to a minimum of SGD 10 (or in its equivalent currency).
  2. ^ For the purchase of the Retail Bonds, FSM Global will be absorbing SGX related Charges, till further notice.
  3. T = Transaction Date
    The Order processing time refers to the order completion and reflected in your account.
    ^The Purchase date will be based on T date

Platform Charge
  1. For the purpose of benefiting from lower rates based on higher investment holding tiers, the effective platform fee rate is based on the total combined holdings of all FSM accounts under main account holder (including beneficiary accounts), while Stock / ETF / Cash Account holdings are excluded from the combined holdings amount.
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Note
  1. All fees and commission quoted are exclusive of Goods and Services Tax (GST).
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Potential Income Explained
EDIT
Est. Payable Amount
SGD 264,983.89
Years to Maturity
2 years 8+ months
Est. Total Income
SGD 27,675.00
Yield to Maturity
1.609%
Indicative Cash Flow
Nominal Value
SGD 250,000.00
  • 2029
    Mar
    Coupon
    SGD 4,612.50
    Maturity
    SGD 250,000.00
  • 2028
    Sep
    Coupon
    SGD 4,612.50
  • Mar
    Coupon
    SGD 4,612.50
  • 2027
    Sep
    Coupon
    SGD 4,612.50
  • Mar
    Coupon
    SGD 4,612.50
Disclaimer: Cash flow calculations are computed based on current coupon rate till next possible call or maturity date. Figures reflected are indicative and subjected to changes in case of any corporate actions.
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