Ascott REIT raises $186m via perpetual securities, to fund potential acquisitions

Ascott REIT raises $186m via perpetual securities, to fund potential acquisitions

Visual from AscottREIT page

Singapore-based Ascott Residence Trust (Ascott Reit), an indirect unit of Capital Land Limited, has successfully raised S$250 million ($186.2 million) from the issuance of perpetual securities, which received strong investor participation with a four-time oversubscription.

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