By Susanna Moon
Chicago, Aug. 12 - CapitaMalls Asia Ltd. said its subsidiary CapitaMalls Asia Treasury Ltd. priced S$350 million of 3.95% notes due Aug. 24, 2017 under its S$2 billion guaranteed euro medium-term note program.
Proceeds will be used for financing investments and for general corporate purposes.
DBS Bank Ltd. and Standard Chartered are the dealers.
The issue date of the notes is expected to be Aug. 24.
The issuer will apply to list the notes the Singapore Exchange Securities Trading Ltd.
"This program is part of our proactive capital management strategy to diversify our sources of funding by tapping into the bond market," Lim Beng Chee, CEO of CapitaMalls Asia, said in a press release.
"This series of notes further strengthens our balance sheet and financial capacity for acquisitions, and positions us well to achieve our target to invest between S$800 million and S$1 billion in new projects by the end of this year."
The Singapore-based owner, developer and manager of shopping malls in Asia announced the note program on April 12.
| Issuer: | CapitaMalls Asia Treasury Ltd.
|
| Issue: | Notes
|
| Amount: | S$350 million
|
| Maturity: | Aug. 24, 2017
|
| Underwriters: | DBS Bank Ltd. and Standard Chartered
|
| Coupon: | 3.95%
|
| Price: | Par
|
| Yield: | 3.95%
|
| Trade date: | Aug. 12
|
| Settlement date: | Aug. 24
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
