By Rebecca Melvin
Concord, N.H., April 5 – CLI Treasury Ltd., a subsidiary of CapitaLand Investment Ltd., priced S$400 million of 3.33% five-year notes at par, according to a company announcement.
The notes are being issued under CLI Treasury’s S$6 billion euro medium-term note program, which was established on Nov. 9, 2021. They are guaranteed by CapitaLand Investment, and are expected to be issued on April 12.
DBS Bank Ltd., HSBC Singapore Branch, Oversea-Chinese Banking Corp. Ltd. and United Overseas Bank Ltd. are the joint lead managers and joint bookrunners.
Proceeds will be used to refinance existing borrowings, finance investments and for general corporate purposes of CapitaLand and the issuer.
The diversified real estate group is based in Singapore.
Issuer: | CLI Treasury Ltd.
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Guarantor: | CapitaLand Investment Ltd.
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Amount: | S$400 million
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Issue: | Fixed-rate senior notes
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Maturity: | April 12, 2027
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Bookrunners: | DBS Bank Ltd., HSBC Singapore Branch, Oversea-Chinese Banking Corp. Ltd. and United Overseas Bank Ltd.
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Coupon: | 3.33%
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Price: | Par
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Yield: | 3.33%
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Announcement date: | April 5
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Settlement date: | April 12
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