Allen & Gledhill has advised Singapore’s Suntec Real Estate Investment Trust on the establishment of $1.5 billion medium term notes program.

Suntec REIT, which holds a portfolio of retail and commercial properties in Singapore’s central business district such as One Raffles Quay and the Marina Bay Financial Centre Towers, is seeking to raise funds to refinance its existing borrowings or to finance its future acquisition and investment plans, according to the prospectus.

Partner Margaret Chin led the Allen & Gledhill team advising Suntec REIT and its manager, ARA Trust Management (Suntec) Ltd.

Allen & Overy Singapore partner Kenneth Aboud advised dealers Australia and New Zealand Banking Group Ltd.; Citigroup Global Markets Singapore Pte. Ltd.; DBS Bank Ltd.; and Standard Chartered Bank.

Clifford Chance Hong Kong partner Matt Fairclough advised trustee Bank of New York Mellon on English law. Shook Lin & Bok acted for guarantor HSBC Institutional Trust Services (Singapore) Ltd.

Email: qleung@alm.com.

Updated 8/29/13, 3:00pm: This story has been updated to include the role of Allen & Overy Singapore partner Kenneth Aboud as adviser to the dealers involved in the bond program.