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A-REIT secures tight pricing for 2nd CMBS

Ascendas Real Estate Investment Trust, established in 2002 by Ascendas MGM Funds, priced last Tuesday its second cross-border CMBS offering. The Singaporean REIT issued 165 million ($211.3 million) of 7.5-year paper via lead manager BNP Paribas, in a deal that ended slightly smaller than the expected 181 million.

The...

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