New Issue-Ascendas issues S$ 80 mln 2-yr bond

.SINGAPORE, May 09(Reuters) - Following are terms and conditions of a bond issued on May 14, 2008

Borrower Ascendas Pte Ltd

Form of debt Fixed Rate Medium Term Note

Issue Amount S$80 million

Coupon 3.66% pa semi-annual

Issue Date May 14, 2008

Maturity Date May 14, 2010

Coupon Payment Date 14 November and 14 May

Commencing on 14 November 2008

Denominations S$250,000

Lead Manager(s) Citicorp Investment Bank (Singapore)

DBS Bank Ltd

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