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Published on 6/21/2022 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Mapletree bonds are putable after delisting event of units

Chicago, June 21 – Mapletree North Asia Commercial Treasury Co. (Hksar) Ltd. announced that two of its bonds are putable after a delisting event, according to multiple notices.

The issuer’s units have been delisted due to a merger between Mapletree Commercial Trust and the issuer.

The bonds impacted are the S$100 million 3.96% notes due Nov. 9 and the S$120 million of 3½% notes due March 22, 2023.

Either note can be redeemed at par plus interest on Aug. 2 at the option of the holder.

The issuer is a real estate investment trust based in Singapore.


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