Ascendas Hospitality Trust

Ascendas Hospitality Trust: proposes to carry out an equity fund raising (EFR) to raise no less than $200m, by way of: i) private placement of 161.9m new units at an issue price of btwn $0.885 – 0.915, and ii) a pro-rata and non-renounceable 2-for-25 preferential offering at an issue price of btwn $0.88 – 0.905. Proceeds of $192.7m will be used partially to fund the acq of Park Hotel Clark Quay, and $7.3m for the fees and expenses associated with the acq and EFR. DBS and StanChart are the joint global coordinators. DBS, StanChart and UBS are the joint book runners and underwriters. DMG is the co lead manager and sub underwriter. In conjunction, there will be an advanced distribution estimated to range from 0.95 – 0.99 cts per unit.