By Mary-Katherine Stinson
Lexington, Ky., March 23 – Mpact Treasury Co. Pte. Ltd. priced S$150 million 4¼% senior green notes due March 29, 2030 (Baa1) at par, according multiple notices.
The notes are being issued under the company’s S$5 billion euro medium-term securities program.
The notes are guaranteed by DBS Trustee Ltd. in its capacity as trustee of Mpact.
DBS Bank Ltd. and Oversea-Chinese Banking Corp., Ltd. are the joint lead managers and joint bookrunners for the offering.
Proceeds will be used by Mpact and its subsidiaries to finance or refinance, in whole or in part, eligible green projects in accordance with Mpact’s green finance framework.
Listing for the securities is expected on the Singapore Exchange under its sustainable fixed-income initiative.
Singapore-based Mpact is a wholly owned subsidiary of Mapletree Pan Asia Commercial Trust, a real estate investment trust. Formerly Mapletree Commercial Trust, it was renamed Mpact after its merger with Mapeletree North Asia Commercial Trust in August.
| Issuer: | Mpact Treasury Co. Pte. Ltd.
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| Issue: | Senior green notes
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| Amount: | S$150 million
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| Maturity: | March 29, 2030
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| Bookrunners: | DBS Bank Ltd. and Oversea-Chinese Banking Corp., Ltd.
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| Trustee: | DBS Trustee Ltd.
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| Coupon: | 4¼%
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| Price: | Par
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| Yield: | 4¼%
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| Pricing date: | March 23
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| Issue date: | March 29
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| Rating: | Moody’s: Baa1
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