New York, March 23 – Mapletree Industrial Trust Management Ltd. announced that Mapletree Industrial Trust Treasury Co. Pte. Ltd. priced S$100 million of 3.16% seven-year notes at par on Thursday.
The notes (//BBB+) are guaranteed by DBS Trustee Ltd., the parent company of Mapletree Industrial Trust Treasury and the trustee of Mapletree Industrial Trust.
Proceeds will be used to refinance existing borrowings.
Mapletree is a Singapore-based real estate investment trust.
| Issuer: | Mapletree Industrial 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: | March 28, 2024
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| Coupon: | 3.16%
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| Price: | Par
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| Yield: | 3.16%
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| Ratings: | Fitch: BBB+
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| Pricing date: | March 23
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| Settlement date: | March 28
|
| Rating: | Moody’s: Baa1
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