By Marisa Wong
Morgantown, W.Va., Aug. 23 – Mapletree Commercial Trust announced that Mapletree Commercial Trust Treasury Co. Pte. Ltd. priced S$100 million of 3.045% 10-year notes at par on Wednesday.
The notes (Baa1) are guaranteed by DBS Trustee Ltd., the parent company of Mapletree Commercial Trust Treasury and the trustee of Mapletree Commercial Trust.
Oversea-Chinese Banking Corp. Ltd. is the lead manager and bookrunner for the issue.
The notes will be issued on Aug. 28 under the company’s S$1 billion multicurrency medium-term note program established in August 2012.
Proceeds will be used to refinance existing borrowings.
Mapletree is a Singapore-based real estate investment trust.
| Issuer: | Mapletree Commercial Trust Treasury Co. Pte. Ltd.
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| Guarantor: | DBS Trustee Ltd.
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| Issue: | Fixed-rate medium-term notes
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| Amount: | S$100 million
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| Maturity: | Aug. 27, 2027
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| Coupon: | 3.045%
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| Price: | Par
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| Yield: | 3.045%
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| Bookrunner: | Oversea-Chinese Banking Corp. Ltd.
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| Pricing date: | Aug. 23
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| Settlement date: | Aug. 28
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| Rating: | Moody’s: Baa1
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