CapitaLand establishes S$5 billion medium term note program

CapitaLand construction site in Ho Chi Minh City, VietnamCapitaLand construction site in Ho Chi Minh City, Vietnam

CapitaLand established a S$5 billion euro medium term note program to issue euro medium term notes and perpetual notes, the property developer said in a filing to SGX late Monday.

Any notes issued may be in any currency, and may be issued in various amounts and tenors and could have fixed, floating or hybrid rates, CapitaLand said. In addition, zero coupon notes could be issued, it added.

The net proceeds from any note issue will be used to refinance existing borrowings, to finance investments and for general corporate purposes, the filing said.

DBS Bank, HSBC Singapore branch, Morgan Stanley Asia (Singapore), OCBC and UOB were appointed as arrangers and dealers of the program, the filing said.

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