CMT MTN Pte. Ltd., a wholly owned subsidiary of CapitaLand Integrated Commercial Trust (SGX:C38U) (CICT) has issued S$250,000,000 2.15% fixed rate notes due 7 December 2032 to institutional and/or sophisticated investor(s), its Manager announced on 7 December after end of trading hours.
The Notes will mature on 7 December 2032 and will bear interest at a rate of 2.15% per annum, payable semi-annually in-arrear.
The Notes have been issued under the S$7 billion Multicurrency Medium Term Note Programme established on 16 April 2007 by issuer and are unconditionally and irrevocably guaranteed by HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of CICT.
The proceeds from the issue of the Notes will be used by the CICT Group to refinance their existing borrowings, to finance the investments comprised in CICT, to on-lend to any trust, fund or entity in which CICT has an interest, to finance any asset enhancement works initiated in respect of CICT or such trust, fund or entity, and to finance the general corporate and working capital purposes in respect of the CICT Group.
The Singapore Exchange Securities Trading Limited (SGX-ST) has granted approval-in-principle for the listing and quotation of the Notes and they will be listed and quoted on the SGX-ST on or about 8 December 2020.