Singapore's Mapletree Commercial launches S$1 billion MTN program

By Marisa Wong

Madison, Wis., Aug. 8 - Mapletree Commercial Trust established a S$1 billion multicurrency medium-term note program on Aug. 8, according to an announcement by the trust's manager, Mapletree Commercial Trust Management Ltd.

DBS Bank Ltd. is the lead arranger and dealer for the program. Citigroup Global Markets Singapore Pte. Ltd., Oversea-Chinese Banking Corp. Ltd. and United Overseas Bank Ltd. will also act as arrangers and dealers.

Under the program, Mapletree may from time to time offer notes and senior or subordinated perpetual securities denominated in any currency in multiple tranches.

The notes will be issued through Mapletree Commercial Trust Treasury Co. Pte. Ltd., a wholly owned subsidiary of DBS Trustee Ltd., Mapletree's trustee.

Mapletree is a Singapore-based and Singapore-focused real estate investment trust.

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