New York, Jan. 29 – Mapletree Commercial Trust Management Ltd., manager of Mapletree Commercial Trust, announced that subsidiary Mapletree Commercial Trust Treasury Co. Pte. Ltd. priced S$100 million of 3¼% eight-year notes at par on Thursday.
The notes (Baa1) were offered under the company’s S$1 billion multicurrency medium-term note program established on Aug. 8, 2012.
DBS Bank Ltd. and Oversea-Chinese Banking Corp. Ltd. are joint lead managers and bookrunners for the issue.
Proceeds will be used to refinance existing borrowings.
The notes are guaranteed by DBS Trustee Ltd., the trustee of Mapletree Commercial Trust.
Mapletree is a Singapore-based real estate investment trust.
| Issuer: | Mapletree Commercial Trust Treasury Co. Pte. Ltd.
|
| Guarantor: | DBS Trustee Ltd.
|
| Issue: | Fixed-rate medium-term notes
|
| Amount: | S$100 million
|
| Maturity: | Feb. 3, 2023
|
| Bookrunners: | DBS Bank Ltd., Oversea-Chinese Banking Corp. Ltd.
|
| Coupon: | 3¼%
|
| Price: | Par
|
| Yield: | 3¼%
|
| Pricing date: | Jan. 29
|
| Settlement date: | Feb. 3
|
| Rating: | Moody’s: Baa1
|
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