SINGAPORE (Indonesia Today) – CapitaLand Limited, one of Asia’s largest real estate companies, has priced US$400 million fixed rate Notes due 2022 at a coupon of 4.076%.
This is the first time CapitaLand is tapping the USD bond market. The Notes are issued under its S$5 billion Euro Medium Term Note Program established early last month.
Issued at 100% of the principal amount of the Notes, there were over 200 institutional investors participating in the deal, the majority of which are based outside Singapore, primarily in Hong Kong and Europe.
“The net proceeds from the issue of the Notes under the EMTN Programme will be used for refinancing existing borrowings, financing of investments and for general corporate purposes of CapitaLand,” the company said Friday (Sept 14).
DBS Bank Ltd, The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan (S.E.A.) Limited and Morgan Stanley Asia (Singapore) Pte are the joint bookrunners and lead managers for the issue of the Notes. (Indonesia Today)