The Straits Times
Published on Oct 03, 2012

CMT's 7-year notes priced successfully


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.