Singapore's CapitaMalls Asia's one-year, three-year bond offerings set to expire Monday

By Marisa Wong

Madison, Wis., Jan. 14 - CapitaMalls Asia Ltd. announced that the last day for applications for its planned one-year and three-year bonds will be Monday.

As previously announced, CapitaMalls will 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.

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.

According to an announcement on Friday, the issuer has decided to reallocate up to a maximum of S$50 million of each tranche from the public offer to a concurrent placement.

DBS Bank Ltd. is the 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.

Both tranches will be sold at par.

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

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