By Mary-Katherine Stinson
Lexington, Ky., April 4 – Singapore’s CapitaLand Investment Ltd. announced that its wholly owned subsidiary CLI Treasury Ltd. sold S$425 million 4.2% fixed-rate senior notes with a seven-year tenor under its S$6 billion euro medium-term note program, according to an announcement.
The notes are guaranteed by CapitaLand Investment and mature seven years from issue.
They will be listed on the Singapore Exchange.
DBS Bank Ltd., Oversea-Chinese Banking Corp. Ltd. and United Overseas Bank Ltd. were appointed as the joint lead managers and joint bookrunners.
Proceeds will be used for refinancing existing borrowings, financing the investments and general corporate purposes of CapitaLand Investment and the issuer.
Based in Singapore, the company is a global real estate investment manager.
| Issuer: | CLI Treasury Ltd.
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| Guarantor: | CapitaLand Investment Ltd.
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| Amount: | S$425 million
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| Issue: | Senior notes
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| Maturity: | 2030
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| Joint bookrunners: | DBS Bank Ltd., Oversea-Chinese Banking Corp. Ltd. and United Overseas Bank Ltd.
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| Coupon: | 4.2%
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| Price: | Par
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| Yield: | 4.2%
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| Settlement date: | April 12
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