Saturday 07 Sep 2024
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SINGAPORE (Feb 5): CapitaMall Trust Management Limited, the manager of CapitaMall Trust, said CMT MTN, a wholly-owned subsidiary of CMT, has issued HK$1.104 billion 2.77% fixed rate notes due Feb 5 2027 to institutional and retail investors.

The notes will mature on Feb 5 2027 and will bear interest at a rate of 2.77% per annum, payable quarterly. The notes were issued under the $2.5 billion multicurrency medium term note programme established by the CMT MTN.

The issuer has also entered into swap transactions to swap the HK$ proceeds of the notes into Singdollar proceeds of $192.8 million at a SGD fixed interest rate of 3.25% per annum.

The proceeds from the issue will be used by CMT and its subsidiaries to refinance the existing borrowings or finance any asset enhancement works and for working capital purposes.

CapitaMall Trust ended the day 1.4% higher at $2.17.

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