By Marisa Wong
Morgantown, W.Va., Feb. 25 – CapitaLand Mall Trust’s wholly owned subsidiary, CMT MTN Pte. Ltd., issued S$100 million of 3˝% fixed-rate notes due 2026 on Thursday, according to a company announcement.
The notes are guaranteed by HSBC Institutional Trust Services (Singapore) Ltd., the trustee of CapitaLand Mall Trust.
The notes were issued under the company’s S$2.5 billion multicurrency medium-term note program established on April 16, 2007.
Proceeds will be used to refinance existing borrowings, to finance investments and for general corporate and working capital purposes.
Based in Singapore, the real estate investment trust owns and invests in retail properties.
| Issuer: | CMT MTN Pte. Ltd.
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| Guarantor: | HSBC Institutional Trust Services (Singapore) Ltd.
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| Issue: | Medium-term notes
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| Amount: | S$100 million
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| Maturity: | Feb. 25, 2026
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| Coupon: | 3˝%
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| Settlement date: | Feb. 25
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