Ascott Residence Trust is the first Hospitality Trust globally to issue sustainability-linked bond of S$200million
First sustainability-linked bond by a Singapore-listed real estate trust receives strong demand with 2.2 times oversubscription. Ms Beh Siew Kim, Chief Executive Officer of Ascott Residence Trust Management Limited and Ascott Business Trust Management Pte. Ltd. (the Managers of ART) said: “...
Singapore’s mid-market hotel industry is being forced to consider reimagined business models, guest amenities and experiences, as well as space usage due to challenges presented by COVID-19 and evolving consumer trends and lifestyle choices, JLL says.
