Singapore's Global Logistic sets up $2 billion MTN program, plans initial RMB 3 billion notes

By Marisa Wong

Madison, Wis., April 25 - Global Logistic Properties Ltd. announced that it has established a $2 billion euro medium-term note program.

J.P. Morgan (SEA) Ltd., Goldman Sachs (Singapore) Pte. and Citigroup Global Markets Singapore Pte. Ltd. are the arrangers.

Under the program, the company may issue notes from time to time in any currency and in various amounts and tenors. The notes may be fixed-rate, floating-rate, dual currency, zero-coupon or index-linked.

The company plans to issue an initial series of up to RMB 3 billion fixed-rate notes, according to a news release.

China International Capital Corp., JPMorgan, Goldman Sachs and Citigroup are the dealers for the renminbi-denominated notes.

The fixed-rate notes are expected to be rated Baa2 by Moody's Investors Service and BBB+ by Fitch Ratings.

Proceeds from the first series of notes and any future notes issued under the MTN program will be used for general corporate purposes.

Global Logistic Properties is a Singapore-based provider of modern logistics facilities.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.