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CapitaMall Trust raises retail bond offering to $350 million on strong demand

Published on Feb 19, 2014 6:23 PM

CapitaMall Trust's (CMT's) offer of seven-year retail bonds has generated keen interest from retail and institutional investors.

The initial public offer of $150 million was 2.8 times subscribed, while the initial placement tranche of $50 million was about 2.4 times subscribed.

To meet the strong demand, the size of the bond offer was increased from $200 million to the maximum issue size of $350 million.

Following consultation with the joint lead managers and bookrunners DBS Bank, OCBC Bank and United Overseas Bank, some $250 million of bonds were allocated to retail investors while the remainder went to the placement tranche.

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