New York, March 30 - CapitaMall Trust priced $500 million of 4.321% notes due 2015 at par.
The notes were sold through issuer CMT MTN Pte. Ltd. and are the first under the $2 billion euro medium-term note program it set up on March 29.
Morgan Stanley Asia (Singapore) Pte. was the dealer.
The trust has swapped the proceeds into Singapore dollars at a fixed rate of 3.794%.
Proceeds will be used to refinance borrowings, finance and refinance investments and asset enhancement works, and for general working capital.
CapitaMall is a Singapore-based real estate investment trust, primarily focused on retail.
| Issuer: | CMT MTN Pte. Ltd. (CapitaMall Trust)
|
| Issue: | Euro medium-term notes
|
| Amount: | $500 million
|
| Maturity: | April 8, 2015
|
| Coupon: | 4.321%
|
| Price: | Par
|
| Pricing date: | March 31
|
| Settlement: | April 8
|
| Dealer: | Morgan Stanley Asia (Singapore) Pte.
|
| Ratings: | Moody's: A2
|
| Distribution: | Regulation S
|
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