By Jennifer Chiou
New York, Jan. 20 - CapitaMalls Asia Ltd. announced the close of its previously announced offering of S$200 million total of bonds in one- and three-year tranches.
The offering, via subsidiary CapitaMalls Asia Treasury Ltd., was announced comprised of up to S$100 million of 1% one-year bonds and up to S$100 million of 2.15% three-year debt, with both tranches sold at par.
Of the securities, which were sold electronically to the public in Singapore via ATMs and internet banking, up to S$50 million was reallocated from each tranche to a concurrent placement.
The placement was fully subscribed for S$50 million of each tranche as of Jan. 14.
Jan. 17 was the last day for applications for the public offering, and as of midday on that date, the company recorded demand for S$29,786,000 of the 1% bonds and S$151,953,000 of the 2.15% bonds.
The company, along with DBS Bank Ltd. as bookrunner, decided that all applicants submitting valid orders were to be allocated a portion of the bonds. Of the valid purchase offers, the company opted to accept S$25 million of the one-year bonds along with S$75 million of the three-year bonds in the public offer.
The issues settled on Friday.
As already noted, CapitaMalls Asia had the option to increase either tranche by up to an additional S$100 million or cancel either tranche if orders for less than S$20 million had been received.
CapitaMalls Asia is a Singapore-based owner, developer and manager of shopping malls in Asia. The company first announced plans for the sale on Jan. 5.
| Issuer: | CapitaMalls Asia Ltd. via CapitaMalls Asia Treasury Ltd.
|
| Issue: | Bonds
|
| Total Amount: | S$200 million
|
| Bookrunner: | DBS Bank Ltd.
|
| Announcement date: | Jan. 5
|
| Settlement date: | Jan. 21
|
|
|
| One-year bonds
|
| Amount: | S$75 million (including S$50 million via placement)
|
| Maturity: | 2012
|
| Coupon: | 1%
|
|
|
| Three-year bonds
|
| Amount: | S$125 million (including S$50 million via placement)
|
| Maturity: | 2014
|
| Coupon: | 2.15%
|
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