SINGAPORE - CapitaLand Retail China Trust (CRCT) is issuing a $130 million bond that will mature on July 4, 2022.

The coupons to be paid on a semi-annual basis will be at 3.25 per cent, 97.7 basis points above the four-year Swap Offer Rate, said DBS Bank, the sole lead manager and bookrunner.

Each bond bears a face value of $250,000.

CRCT will be using the proceeds to refinance the existing borrowings and general working capital purposes, DBS added.