Issuer: DBS Trustee Limited in its capacity as trustee of Ascott Residence Trust
Issuer Ratings: Baa3 (Moody’s)
Issue: SGD Subordinated Perpetual Securities
Issue Ratings: Unrated
Format: Regulation S and Sections 274 and/or 275, Chapter 289 of the SFA of Singapore
Issue Size: Up to SGD 150,000,000
Initial Price Guidance: Low 5%
Tenor: Perpetual NC5
Ranking: Direct, unsecured and subordinated obligations of the Issuer
Call Option: [ ] 2019 & at every Distribution Payment Date thereafter at par
Distribution: Reset at the end of Year 5 & every 5 years thereafter based on prevailing SGD 5Y SOR plus the Fixed Spread
Distribution Step-up: None
Distribution Payment: Fixed. Semi-annually in arrear, Actual/365
Distribution Deferral: At issuer’s discretion. Any deferred Distributions are non-cumulative
Dividend Stopper: Yes
Other Redemption: At par under taxation, ratings, accounting, minimal outstanding amount, and regulatory reasons
Listing: SGX-ST
Details: SGD250K/Standalone/Singapore Law/CDP

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