By Rebecca Melvin
New York, April 29 – Mapletree Logistics Trust Management Ltd. as manager of Mapletree Logistics Trust announced pricing of S$50 million 3.512% notes due 2029, series 008, by MapletreeLog Treasury Co. Pte. Ltd., a wholly-owned subsidiary of the company.
The notes priced under the issuer’s S$3 billion euro medium-term securities program.
The notes (expected rating: //BBB+) are guaranteed by HSBC Institutional Trust Services (Singapore) Ltd. in its capacity as trustee of MLT.
DBS Bank Ltd. is manager for the new issue, which will not be listed.
Proceeds will be used for general corporate purposes, including refinancing existing borrowings of Mapletree Logistics Trust, according to a company release.
The logistics real estate investment trust is based in Singapore and sponsored by Mapletree Investments Pte. Ltd.
| Issuer: | MapletreeLog Treasury Co. Pte. Ltd.
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| Guarantor: | HSBC Institutional Trust Services (Singapore) Ltd.
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| Amount: | S$50 million
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| Issue: | Notes (Series 008)
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| Maturity: | 2029
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| Bookrunner: | DBS Bank Ltd.
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| Trustee: | HSBC Institutional Trust Services (Singapore) Ltd.
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| Coupon: | 3.512%
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| Announcement date: | April 29
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| Rating: | Fitch: BBB+
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