PROJECT

Projects

Summary of Investment Information

Project Number

46552

Company Name

CAPITALAND ASCOTT TRUST

Date SPI Disclosed

Oct 31, 2022

Country

Singapore

Region

East Asia and the Pacific

Projected Board Date

Oct 19, 2022

Environmental Category

B - Limited

Status

Active

Last Updated Date

Nov 9, 2022

Department

Regional Industry - MAS Asia & Pac

Industry

other

Previous Events

Approved : Oct 20, 2022
Signed : Oct 31, 2022
Invested : Nov 7, 2022

Sector

other

Project Description

CapitaLand Ascott Trust (CLAS or the Company) is the largest hospitality trust in Singapore and Asia Pacific, with an asset size of S$7.6 billion as of June 30, 2022. CLAS is listed on the Singapore Exchange (“SGX”) and has an investment property portfolio that comprises mainly serviced residences, hotels, rental housing properties and student accommodation assets globally.

IFC is proposing to invest up to US$115 million equivalent in a proposed up to 7-year sustainability-linked bond (“SLB”) issued by Ascott REIT MTN Pte. Ltd. under its S$2 billion Multicurrency Debt Issuance Programme.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation