A-Reit returns to international capital markets

BNP Paribas will begin roadshows next week for an Eu181m ($237 million) commercial mortgage-backed securitization (CMBS) for Ascendas real estate investment trust (A-Reit). The deal will mark the second offering from A-Reit's MTN programme and the second international securitization out of Singapore so far this year following Suntec's super tight deal in late March.