Company briefs: CapitaLand Commercial Trust

CapitaLand Commercial Trust

CapitaLand Commercial Trust unit CCT MTN has issued $75 million worth of notes at a fixed rate of 2.77 per cent that will mature in 2022. The proceeds from the notes, which are assigned an A- rating by Standard & Poor's, will be used to refinance an existing borrowing under a bank loan facility due in 2020.

The notes are issued under the $2 billion multi-currency medium-term note programme established in 2007. Including this issue, the aggregate outstanding principal amount of notes issued under the programme is $650.75 million.

Tat Hong Holdings

Crane rental firm Tat Hong has told the Taiwan Stock Exchange that it will not proceed with the listing of its 82 per cent-owned subsidiary, Tat Hong Equipment Service.

Tat Hong said the weak global economic environment and volatile global equity markets are not conducive for a listing.

Tiong Seng Holdings

Tiong Seng unit Tiong Seng Contractors has won a contract from the Ministry of Home Affairs to develop Selarang Park Complex in Upper Changi Road North.

Tiong Seng did not disclose the size of the contract, saying only that it is not expected to have any material impact on the group's net tangible assets and earnings per share for this financial year.

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A version of this article appeared in the print edition of The Straits Times on July 05, 2016, with the headline Company briefs: CapitaLand Commercial Trust. Subscribe