About the First REIT issuance

Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”) has guaranteed First Real Estate Investment Trust’s (“First REIT’s”) 5-year SGD100.0 million Social Bond. This is ASEAN’s first healthcare social bond to be publicly distributed and denominated in an ASEAN local currency.

The landmark transaction showcases CGIF’s continuing support for ASEAN’s healthcare sector, pivotal in the region’s efforts to contain the Covid-19 pandemic. Issued under the ASEAN+3 Multi-currency Bond Issuance Framework (“AMBIF”), the Social Bond also underpins several key policy objectives of CGIF, namely inter-ASEAN financial integration, catalyzing sustainable financing, and risk-sharing partnership with arrangers.