CapitaLand Integrated Commercial Trust (CICT) said Friday it has issued, via a subsidiary, HK$900 million 2.95 percent fixed-rate notes due 2031 to finance green projects.
Under the offering, CICT entered into swap transactions to swap the Hong Kong dollar proceeds into Singapore dollar proceeds of S$155.2 million at a Singapore dollar fixed interest rate of 2.715 percent, the trust said in a filing to SGX.
The proceeds are earmarked to finance or refinance eligible green projects under CICT’s green finance framework, the filing said.
The notes were issued to institutional and/or sophisticated investors under the trust’s US$3 billion euro-medium term note program, CICT said.
