Monday, Apr 21, 2014Monday, Apr 21, 2014
News
 

CMT's 7-year notes priced successfully

Published on Oct 3, 2012 9:53 PM
PRINT EMAIL
 

The manager for CapitaMall Trust (CMT) has successfully priced a 10 billion yen, seven-year note, which carries an annual interest of 1.309 per cent.

The notes are expected to be issued on Oct 15.

CMT has agreed to swop the yen proceeds for Singapore dollars amounting to $157.6 million at a fixed interest rate of 2.79 per cent a year.

The proceeds will be used to refinance existing borrowings as well as for general corporate and working capital purposes.

 
If you are not a subscriber, you can get instant, unlimited access here