Green Bond Fact Sheet

Ascendas Real Estate Investment Trust

Date: 04/09/2020

Issue date: 26-08-2020 Maturity date: 26-08-2030 Tenor: 10Issuer nameAscendas Real Estate
Investment Trust

Amount issued

SGD100m/USD103m

Country of risk

Singapore

CBI Database

Included

Issuer type1

Financial Corporate

Bond typeSr Unsecured

Green bond framework

Link to Framework

Second party opinion

N/A

Certification Standard

Not certified

Assurance report

EY

Certification verifier

N/AGreen bond rating

N/A☐ Energy☐ Solar☐ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Buildings☒ Certified Buildings☐ HVAC systems☐ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emissionvehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
ReportingCompany information

Ascendas Reit will report proceeds allocation and in its Integrated Sustainability Report on
its website on an annual basis until all the net proceeds have been allocated.
Ascendas Reit is Singapore’s first and largest listed business space and industrial real estate
investment trust. Ascendas Reit surpasses other Sigapore Reits by owning a total of 34
properties with BCA green mark certifications in its Singapore. Ascendas REIT has a welldiversified portfolio comprising 197 properties across the developed markets of Singapore,
Australia, the United Kingdom and the United States. As one of Singapore’s REIT pioneers,
Ascendas Reit provides an attractive platform for investment in properties acrossdeveloped markets.

Firsts, records andcertifications
Proceeds description

To refinance 17 green properties that have a minimum BCA (Building and Construction
Authority) gold certification.

Climate Bonds view

CBI welcomes Ascendas REIT’s inaugural green bond issued under a newly establishedGreen Finance Framework which received assurance from EY. The green bond was over6.5x oversubscribed from 47 accounts, illustrating strong demand from institutional
investors despite headwind facing the economy. Channelling funds to green andsustainable certified buildings is gaining traction among REITS.
OCBC Bank

Underwriters
Deal comments
Credit rating

1Pricing summary•Investors summary

Asset managers, insurance companies and hedge funds accounted for 80%, followed bybanks and corporates 11%, and private banks 9%

Coupon: 2.65%

Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign