Moody’s gives Baa1 to Mpact MTNs

Moody’s Investors Service said it gave a Baa1 senior unsecured rating to Mpact Treasury Co. Pte. Ltd.’s planned Singapore-dollar-denominated notes.

The notes will be sold under the issuer’s euro medium-term note program, which is rated (P)Baa1. The issuer is a wholly owned subsidiary of Mapletree Pan Asia Commercial Trust. The notes will be guaranteed by DBS Trustee Ltd. in its capacity as a trustee of Mapletree.

Mpact will use the proceeds to refinance borrowings.

The outlook is stable.

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