Chicago, Feb. 28 – Mpact Management Ltd., as manager of Mapletree Pan Asia Commercial Trust, priced S$200 million of 3.9% senior green notes due 2034 (Baa1) at par, according to an announcement.
The obligations will be unconditionally guaranteed by DBS Trustee Ltd.
DBS Bank Ltd. and Oversea-Chinese Banking Corp. Ltd. are the joint lead managers and joint bookrunners.
Proceeds will be used for eligible green projects.
The Singapore-based real estate investment trust currently consists of 12 properties in China, Hong Kong, Japan and South Korea.
Issuer: | Mpact Management Ltd.
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Guarantor: | DBS Trustee Ltd.
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Amount: | S$200 million
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Issue: | Senior green notes
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Maturity: | March 7, 2034
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Bookrunners: | DBS Bank Ltd. and Oversea-Chinese Banking Corp. Ltd.
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Coupon: | 3.9%
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Price: | Par
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Yield: | 3.9%
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Trade date: | Feb. 28
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Settlement date: | March 7
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Rating: | Moody’s: Baa1
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