By Jennifer Chiou
New York, March 13 - Cambridge Industrial Trust announced the sale of S$50 million of 4.75% fixed-rate notes due March 13, 2015 through wholly owned subsidiary and issuer Cambridge-MTN Pte. Ltd.
Australia and New Zealand Banking Group Ltd. and Royal Bank of Scotland plc are the joint lead managers.
The Singapore-based industrial real estate investment trust's trustee, RBC Dexia Trust Services Singapore Ltd., established the S$500 million multicurrency medium-term note program under which the notes were issued on Feb. 2.
Cambridge Industrial Trust Management Ltd. is the manager of the trust.
Proceeds will be used for on-lending to the trustee to refinance existing borrowings, to finance acquisitions and/or investments or to finance general working capital.
| Issuer: | Cambridge-MTN Pte. Ltd.
|
| Issue: | Fixed-rate notes
|
| Amount: | S$50 million
|
| Maturity: | March 13, 2015
|
| Coupon: | 4.75%
|
| Managers: | Australia and New Zealand Banking Group Ltd. and Royal Bank of Scotland plc
|
| Settlement date: | March 13
|
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