By Devika Patel
Knoxville, Tenn., March 27 – MapletreeLog Treasury Co. Pte. Ltd., a subsidiary of Mapletree Logistics Trust Management Ltd., priced S$75 million 3.81% green notes due 2031, according to a notice.
The notes priced under the issuer’s S$3 billion euro medium-term securities program.
The notes are guaranteed by HSBC Institutional Trust Services (Singapore) Ltd. in its capacity as trustee of MLT.
Proceeds will be used for financing or refinancing eligible green projects and for general corporate purposes.
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$75 million
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| Issue: | Green notes, series 10
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| Maturity: | April 4, 2031
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| Trustee: | HSBC Institutional Trust Services (Singapore) Ltd.
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| Coupon: | 3.81%
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| Announcement date: | March 27
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| Settlement date: | April 4
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| Rating: | Fitch: BBB+
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