By Rebecca Melvin
New York, April 4 – Singapore’s CapitaLand Mall Trust’s wholly owned subsidiary, CMT MTN Pte. Ltd., issued $300 million of 3.609% 10-year notes, according to a company announcement.
The proceeds will be swapped into Singapore dollars of S$407.1 million at a fixed rate of 3.223% per year.
The notes, issued under the company’s S$3.5 billion multicurrency medium-term note program, were sold via lead managers and bookrunners DBS Bank Ltd. and HSBC.
The proceeds will be used to refinance existing borrowings, to finance investments and for general corporate and working capital purposes.
The Singapore real estate investment trust owns and invests in retail properties.
| Issuer: | CMT MTN Pte. Ltd.
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| Guarantor: | CapitaLand Mall Trust
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| Issue: | Fixed-rate medium-term notes
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| Amount: | $300 million
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| Maturity: | April 4, 2029
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| Coupon: | 3.609%
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| Bookrunners: | DBS Bank Ltd. and HSBC
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| Issue date: | April 4
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