CapitaMall holders put S$87.75 million 1% convertible bonds due 2013

By Marisa Wong

Madison, Wis., June 13 - CapitaMall Trust announced that holders of S$87.75 million of its 1% convertible bonds due 2013 exercised their put option as of June 10.

The put amount represents 19.8% of the S$444 million outstanding principal amount of the original S$650 million of bonds.

CapitaMall will redeem the convertibles on July 2 at 105.43 plus accrued interest.

Once the put convertibles have been redeemed and cancelled, S$356.25 million principal amount will remain outstanding.

CapitaMall is a Singapore-based real estate investment trust managed by CapitaMall Trust Management Ltd.

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