CapitaLand Mall Trust said on Thursday it issued US$300 million of 10-year fixed rate notes at 3.609 percent to institutional and/or sophisticated investor(s).
The trust has entered into swap transactions to swap the U.S. dollar proceeds into Singapore dollar proceeds of S$407.10 million at a Singapore dollar fixed interest rate of 3.223 percent, the filing said.
The proceeds from the notes will be used to refinance existing borrowings, to finance investments, to finance asset enhancement works and to finance general corporate and working capital purposes, CapitaLand Mall Trust said.
The notes will be listed and quoted on SGX on Friday, the trust said.
The notes, which will be due on 4 April 2029, were issued under the trust’s S$3.5 billion multicurrency medium term note program, it said.