By Wendy Van Sickle
Columbus, Ohio, Sept. 14 – CapitaLand Ltd. said CapitaLand Treasury Ltd. priced S$800 million of 2.9% 12-year notes at par.
The notes will be issued under the company’s S$5 billion euro medium-term note program, established on April 29.
DBS Bank Ltd. and United Overseas Bank Ltd. are the joint lead managers and joint bookrunners.
Proceeds will be used to refinance existing debt and for general corporate purposes.
The diversified real estate group is based in Singapore.
| Issuer: | CapitaLand Treasury Ltd.
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| Issue: | Fixed-rate medium-term notes
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| Amount: | S$800 million
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| Maturity: | 2032
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| Bookrunners: | DBS Bank Ltd. (global coordinator) and United Overseas Bank Ltd.
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| Coupon: | 2.9%
|
| Price: | Par
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| Yield: | 2.9%
|
| Settlement date: | Sept. 21
|
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