CapitaMalls Asia plans up to S$200 million one-year, three-year bonds

New York, Jan. 5 - CapitaMalls Asia Ltd. said it plans to sell up to S$200 million of bonds in one- and three-year tranches.

The offering, via subsidiary CapitaMalls Asia Treasury Ltd., will consist of up to S$100 million of 1% one-year debt and up to S$100 million of 2.15% three-year debt.

Both tranches will be sold at par.

DBS Bank Ltd. is bookrunner. The securities will be sold electronically to the public in Singapore via ATMs and internet banking. Up to S$50 million of each tranche may be offered to institutional and other investors.

The maximum size of the offering will be S$200 million but CapitaMalls Asia will be able to increase either tranche by up to an additional S$100 million or cancel either tranche if orders for less than S$20 million are received.

CapitaMalls Asia is a Singapore-based owner, developer and manager of shopping malls in Asia.

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