By Jennifer Chiou
New York, March 13 - Mapletree Logistics Trust Management Ltd.'s board announced that MapletreeLog Treasury Co. Pte. Ltd. issued S$20 million of fixed-rate notes due March 12, 2010.
Mapletree said the notes bear interest at 3.8% per year, payable semiannually.
The notes are the sixth issue under the company's S$1 billion multi-currency medium-term notes program.
Standard Chartered Bank is the lead manager.
Proceeds will be used to prepay existing debt.
Based in HarbourFront Centre, Singapore, the company is an Asia-focused logistics real estate investment trust.
| Issuer: | MapletreeLog Treasury Co. Pte. Ltd.
|
| Issue: | Fixed-rate notes
|
| Amount: | S$20 million
|
| Maturity: | March 12, 2010
|
| Underwriter: | Standard Chartered Bank
|
| Coupon: | 3.8%
|
| Settlement date: | March 13
|
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