A-Reit returns to international capital markets

Singapore continues to breathe life into Asian securitization.

BNP Paribas will begin roadshows next week for an Eu181m $237 million commercial mortgage-backed securitization CMBS for Ascendas real estate investment trust A-Reit. The deal will mark the second offering from A-Reit's MTN programme and the second international securitization out of Singapore so far this year following Suntec's super tight deal in late March.

A-Reit's transaction, issued via SPV Emerald Asset Trust, will have an FRN structure with a maturity of November 2013. It will...

To continue reading, please login or register for free

Click for more on: areit | returns | international | capital | markets

Print Edition

FinanceAsia Print Edition

CONFERENCES