By Marisa Wong
Madison, Wis., Feb. 9 – Mapletree Greater China Commercial Trust Management Ltd., manager of Mapletree Greater China Commercial Trust, announced that subsidiary Mapletree Greater China Commercial Treasury Co. (HKSAR) Ltd. priced HK$550 million of 2.8% five-year notes at par on Monday.
The notes (Baa1) were offered under the company’s $1.5 billion euro medium-term securities program.
DBS Bank Ltd. is the dealer for the issue.
Proceeds will be used to refinance existing borrowings.
The notes are guaranteed by DBS Trustee Ltd., the trustee of Mapletree Greater China Commercial Trust.
Mapletree is a Singapore-based real estate investment trust.
| Issuer: | Mapletree Greater China Commercial Treasury Co. (HKSAR) Ltd.
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| Guarantor: | DBS Trustee Ltd.
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| Issue: | Fixed-rate medium-term notes
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| Amount: | HK$550 million
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| Maturity: | Feb. 11, 2020
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| Coupon: | 2.8%
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| Price: | Par
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| Yield: | 2.8%
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| Dealer: | DBS Bank Ltd.
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| Pricing date: | Feb. 9
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| Settlement date: | Feb. 11
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| Rating: | Moody’s: Baa1
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