Most of the buzz in Asia last week centered on Singapore, as two of the city-state's real estate investment trusts (REIT) launched CMBS transactions. CapitaMall Trust (CMT), the REIT established in 2002 by the property company CapitaLand, is coming to market with a $215 million deal via HSBC. Simultaneously, Ascendas Real Estate Investment Trust (A-REIT) - established in the same year by Ascendas-MGM Funds Limited - will issue a 142.5 million (US$174.8 million) deal arranged jointly by JPMorgan Securities and Overseas-Chinese Banking Corp. (OCBC).

HSBC has already held roadshows in Hong Kong, Singapore and three European cities, while JPM is believed to be targeting European accounts with OCBC in charge of the local placement.

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