Ascott Residence Trust (Ascott REIT) (SGX:A68U) announced on 16 December that it has redeemed in full the SGD150,000,000 3.80% fixed rate notes due 2015.

The notes were redeemed by Ascott REIT MTN Pte Ltd, a wholly owned subsidiary of DBS Trustee Limited acting in its capacity as trustee of Ascott REIT.

The Singapore-listed hospitality REIT earlier announced in November 2015 that it has issued SGD200,000,000 in principal amount of 4.205% notes due 2022 under its SGD1,000,000,000 multicurrency medium term note programme established in September 2009.

Units of Ascott REIT are currently listed on the Singapore Exchage at SGD1.15.