By Marisa Wong
Morgantown, W.Va., Aug. 21 – Singapore’s CapitaLand Mall Trust’s wholly owned subsidiary, CMT MTN Pte. Ltd., issued S$150 million of 3.2% seven-year notes, according to a company announcement.
The notes are guaranteed by HSBC Institutional Trust Services (Singapore) Ltd., the trustee of CapitaLand Mall Trust.
The notes were issued under the company’s S$3.5 billion multicurrency medium-term note program established in April 2007 and upsized from S$2.5 billion in March 2017.
Proceeds will be used to refinance existing borrowings, to finance investments and for general corporate and working capital purposes.
The real estate investment trust owns and invests in retail properties.
| Issuer: | CMT MTN Pte. Ltd.
|
| Guarantor: | HSBC Institutional Trust Services (Singapore) Ltd.
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| Issue: | Fixed-rate medium-term notes
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| Amount: | S$150 million
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| Maturity: | Aug. 21, 2025
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| Coupon: | 3.2%
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| Announcement date: | Aug. 21
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