CapitaLand launches S$6 billion euro medium-term note program

By William Gullotti

Buffalo, N.Y., Nov. 9 – CapitaLand Investment Ltd. (CLI) announced that its wholly-owned subsidiary CLI Treasury Ltd. is listing a S$6 billion euro medium-term note program, according to a notice on Tuesday.

Notes sold under the program will be issued by the subsidiary and guaranteed by the parent.

DBS Bank Ltd., HSBC Ltd., Singapore Branch, Morgan Stanley Asia (Singapore) Pte., Oversea-Chinese Banking Corp. Ltd. and United Overseas Bank Ltd. are the joint dealers and joint arrangers for the program.

Proceeds from the program will be used for refinancing existing borrowings, financing investments and general corporate purposes.

Based in Singapore, the company is a global real estate investment manager.

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