By William Gullotti
Buffalo, N.Y., June 20 – CapitaLand Integrated Commercial Trust, via its wholly owned subsidiary CMT MTN Pte. Ltd., sold S$400 million 3.938% notes due June 19, 2030 (A3) under its $3 billion euro medium-term note program, according to a listing notice on Tuesday.
The notes are guaranteed by HSBC Institutional Trust Services (Singapore) Ltd., trustee of CapitaLand Integrated Commercial Trust.
According to Moody’s Investors Service, proceeds will be used to refinance borrowings.
The notes have been granted recognition under the Singapore Exchange’s sustainable fixed-income initiative and will be listed on the Singapore Exchange effective June 20.
Formerly CapitaLand Mall Trust, CapitaLand Integrated is a Singapore-based real estate investment trust.
| Issuer: | CMT MTN Pte. Ltd.
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| Guarantor: | HSBC Institutional Trust Services (Singapore) Ltd.
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| Issue: | Notes
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| Amount: | S$400 million
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| Maturity: | June 19, 2030
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| Coupon: | 3.938%
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| Settlement date: | June 19
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| Listing date: | June 20
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| Rating: | Moody’s: A3
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| ISIN: | SGXF14573293
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