Mapletree Logistics plans to issue series 005 notes

By Rebecca Melvin

Concord, N.H., Nov. 24 – Mapletree Logistics Trust Management Ltd. as manager of Mapletree Logistics Trust announced a proposed issue of series 005 notes expected to price under the company’s S$3 billion euro medium-term securities program.

The notes are being issued by MapletreeLog Treasury Co. Pte. Ltd. and are guaranteed by HSBC Institutional Trust Services (Singapore) Ltd. in its capacity as trustee of MLT, according to a company release.

Citigroup Global Markets Ltd. is manager for the new issue, which will not be listed.

Proceeds of the deal will be applied to general corporate purposes, including refinancing existing borrowings of MLT.

The aggregate amount of the outstanding notes and the existing outstanding debt facilities that may be affected by the notes event is S$4.67 billion, of which S$3.68 billion is drawn and outstanding.

The logistics real estate investment trust is based in Singapore.

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