CapitaLand Investment pricing 5-year notes: Client note

In 2021, CapitaLand Investment (CLI) launched seven new private funds, including two in Japan and South Korea. The private fund in Japan has been fully deployed through the acquisition of CLI’s interests in two commercial assets in the country, including Yokohama Blue Avenue (pictured). Credit: CapitaLandIn 2021, CapitaLand Investment (CLI) launched seven new private funds, including two in Japan and South Korea. The private fund in Japan has been fully deployed through the acquisition of CLI’s interests in two commercial assets in the country, including Yokohama Blue Avenue (pictured). Credit: CapitaLand

CapitaLand Investment is pricing five-year Singapore dollar senior unsecured fixed rate notes, according to a client note seen by Shenton Wire Tuesday. 

The pricing guidance is in the 3.60 percent area, with a landing guidance for the 3.0 percent to 3.2 percent area, subject to market conditions and demand, the client note said. The price is expected at 100.25 of the face value, the client note said. 

The proceeds are earmarked for refinancing existing borrowings, financing investments and general corporate purposes, the client note said.

DBS Bank, HSBC, OCBC Bank and UOB are the joint bookrunners for the offering, the client note said. 

The client note said the minimum investment size if S$250,000.

The bonds will be issued under CapitaLand Investment’s S$6 billion euro medium-term note program, the client note said.

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