MCT issues 10-year $250m fixed rate notes

It will be used for refinancing borrowings by MCT and its subsidiaries.

Mapletree Commercial Trust (MCT) has issued fixed rate notes worth $250m with a 3.05% per annum interest due 22 November 2029, the company announced.

The proceeds from the issuance will be used to refinance existing borrowings and general corporate purposes for MCT and its subsidiaries.

The notes were issued under the company’s $3b Multicurrency Medium Term Note Programme established on 8 August 2012 and last updated on 29 June 2018. DBS Bank was solely appointed as the lead manager and bookrunner for the issuance.

The issue date of the notes was set on 22 November.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!