By Marisa Wong
Madison, Wis., May 6 – Mapletree Industrial Trust Management Ltd., manager of Mapletree Industrial Trust, announced that subsidiary Mapletree Industrial Trust Treasury Co. Pte. Ltd. priced S$75 million of 3.02% eight-year notes at par on Wednesday.
The notes (expected: //BBB+) will be issued on May 11 under the company’s S$1 billion multicurrency medium-term note program established on Aug. 16, 2011.
Standard Chartered Bank is the dealer for the notes.
Proceeds will be used to refinance existing borrowings.
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$75 million
|
| Maturity: | May 11, 2023
|
| Dealer: | Standard Chartered Bank
|
| Coupon: | 3.02%
|
| Price: | Par
|
| Yield: | 3.02%
|
| Pricing date: | May 6
|
| Settlement date: | May 11
|
| Rating: | Fitch: BBB+ (expected)
|
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