Ruby Assets adjusts exchange price for 1.6% exchangeables to S$2.4076

By Marisa Wong

Madison, Wis., Jan. 18 - Ruby Assets Pte. Ltd., a special-purpose vehicle of Ascendas Funds Management Ltd. and Ascendas Real Estate Investment Trust, adjusted the exchange price of its S$300 million 1.6% exchangeable collateralized securities due 2019, according to an Ascendas Funds announcement.

The exchange price will be S$2.4076, effective Feb. 28. The current exchange price is S$2.45.

The price adjustment is the result of a distribution payment to Ascendas REIT unitholders announced on Monday.

Ascendas is a business space and light industrial REIT with a diversified portfolio in Singapore.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.