By Marisa Wong
Madison, Wis., April 5 - Mapletree Industrial Trust Management Ltd., manager of Mapletree Industrial Trust, announced that subsidiary Mapletree Industrial Trust Treasury Co. Pte. Ltd. priced S$70 million of 3.2% eight-year notes at par on Friday.
The notes will be issued on April 12 under the company's S$1 billion multicurrency medium-term note program established on Aug. 8, 2012.
DBS Bank Ltd. and Oversea-Chinese Banking Corp. Ltd. are the dealers for the notes.
Proceeds will be used to refinance existing borrowings.
Moody's Investors Service Singapore Pte. Ltd. assigned a Baa2 rating to the notes.
Mapletree Industrial is a Singapore-based industrial real estate investment trust.
| Issuer: | Mapletree Industrial Trust Treasury Co. Pte. Ltd.
|
| Issue: | Fixed-rate notes
|
| Amount: | S$70 million
|
| Maturity: | April 12, 2021
|
| Coupon: | 3.2%
|
| Price: | Par
|
| Yield: | 3.2%
|
| Dealers: | DBS Bank Ltd. and Oversea-Chinese Banking Corp. Ltd.
|
| Settlement date: | April 12
|
| Rating: | Moody's: Baa2
|
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