CapitaLand Investment prices S$400M notes due 2027

In March 2022, CapitaLand Investment's lodging unit The Ascott entered a deal to acquire the 206-unit serviced residence Somerset Hangzhou Bay Ningbo via private equity fund the Ascott Serviced Residence Global Fund (ASRGF). Credit: AscottIn March 2022, CapitaLand Investment's lodging unit The Ascott entered a deal to acquire the 206-unit serviced residence Somerset Hangzhou Bay Ningbo via private equity fund the Ascott Serviced Residence Global Fund (ASRGF). Credit: Ascott

CapitaLand Investment has priced S$400 million fixed-rate notes due 2027 at 3.3 percent, the real estate investment manager (REIM) said in a filing to SGX Tuesday. 

The filing confirms a Shenton Wire article

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

DBS Bank, HSBC’s Singapore branch, OCBC and UOB were appointed as joint lead managers and bookrunners for the issuance, the filing said. 

CapitaLand Investment said the notes were expected to be issued on 12 April. 

The notes will be issued under the REIM’s S$6 billion euro medium term note program, the filing said. 

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