CapitaLand Ascott Trust 198 Notes to the Financial Statements For the financial year ended 31 December 2025 Sustainability-linked notes On 20 April 2022, the CapitaLand Ascott REIT Group issued $200.0 million of sustainability-linked notes due 2027. Under the conditions of the notes, there is a sustainability performance target of having at least 50% of the total gross floor area of the Stapled Group’s portfolio being awarded with regional, national or internally recognised green building standards or certifications by a recognised third party by the sustainability performance observation date. On 7 November 2022, the CapitaLand Ascott REIT Group issued JPY16.5 billion of sustainability-linked notes due 2029. Under the conditions of the notes, there are sustainability performance targets of (i) achieving a 40.5% reduction in electricity consumption as a proxy for Scope 1 and 2 Carbon Emissions Intensity from the base year of 2019 for the eligible projects by the sustainability performance target observation date, and (ii) achieving EDGE Greenbuilding Certifications for the eligible projects by the sustainability performance target observation date. Subject to the conditions stipulated in the sustainability-linked notes, if the Stapled Group fails to satisfy any of the performance targets on the respective observation dates, the issuer shall pay in respect of each note an amount equal to the interest premium of 0.25% on the nominal value of the notes. Sustainability-linked cross currency interest rate swap On 6 September 2023, the CapitaLand Ascott REIT Group issued $120.0 million of medium term notes due 2028. At the same time, a 5-year cross currency interest rate swap was entered into to convert part of the Singapore dollar proceeds into Japanese Yen amounting to JPY11.0 billion at a fixed interest rate of 1.09% per annum. Under the conditions of the cross currency swap, there is sustainability performance target of having: (i) at least 50% of the total gross floor area of the Stapled Group’s portfolio being awarded with regional, national or internally recognised green building standards or certifications by a recognised third party by 31 December 2025; and (ii) at least 60% of the total gross floor area of the Stapled Group’s portfolio being awarded with regional, national or internally recognised green building standards or certifications by a recognised third party by 31 December 2026. The Japanese Yen interest can be reduced slightly if the sustainability performance target is met by the respective sustainability performance target dates. As at 31 December 2025, notes issued by the Stapled Group under the Amended MTN Programme comprise: (i) $505.0 million (2024: $505.0 million) of fixed rate notes maturing between 2026 and 2029; (ii) $200.0 million (2024: $200.0 million) of fixed rate sustainability-linked notes maturing in 2027; and (iii) JPY16.5 billion (2024: JPY16.5 billion) of fixed rate sustainability-linked notes maturing in 2029. 16 Financial Liabilities (continued)
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