By Marisa Wong
Madison, Wis., Nov. 1 - CapitaMall Trust announced that its wholly owned subsidiary, CMT MTN Pte. Ltd., priced ¥10 billion of 1.039% fixed-rate notes.
The seven-year notes will be issued at par under the company's S$2.5 billion multicurrency medium-term note program established on April 16, 2007 and updated on April 3, 2013.
The issuer said it has entered into transactions to swap the proceeds of the notes into S$126 million at a Singapore dollar fixed interest rate of 3.119%.
Settlement is slated for Nov. 13.
Proceeds will be used to refinance CapitaMall Trust's existing borrowings, to finance investments as well as for general corporate purposes.
CapitaMall is a Singapore-based real estate investment trust managed by CapitaMall Trust Management Ltd.
| Issuer: | CMT MTN Pte. Ltd.
|
| Issue: | Fixed-rate notes
|
| Amount: | ¥10 billion
|
| Maturity: | Nov. 13, 2020
|
| Coupon: | 1.039%, payable semiannually
|
| Price: | Par
|
| Yield: | 1.039%
|
| Announcement date: | Nov. 1
|
| Settlement date: | Nov. 13
|
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