Ascott REIT's property in Singapore, Ascott Raffles Place. (Photo: REITsWeek)Ascott REIT's property in Singapore, Ascott Raffles Place. (Photo: REITsWeek)

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.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.