CapitaLand subsidiary issues S$350mln 4.3% fixed rate notes

Proceeds of notes due 2020 under S$3bln multicurrency medium term note programme to finance new investments.

CapitaLand Limited (“CapitaLand”) announced that CapitaLand Treasury Limited (the “Issuer”), a wholly-owned subsidiary of CapitaLand, on Tuesday has priced S$350,000,000 in principal amount of 4.3% Fixed Rate Notes due 2020 (the “Notes”) under its S$3,000,000,000 Multicurrency Medium Term Note Programme established in June 2004 (the “MTN Programme”). The payment obligations of the Issuer under the Notes will be unconditionally and irrevocably guaranteed by CapitaLand, as mentioned in one of its reports.

DBS Bank Ltd has been appointed as sole bookrunner of the Notes.

The principal terms of the Notes are as follows:
Issue Size: S$350,000,000
Issue Price: 100% of the principal amount of the Notes
Interest: 4.3% per annum
Maturity Date: 10 years from the date of issue

The issue date of the Notes is currently expected to be on 31 August 2010.

The proceeds arising from the issue of the Notes (after the deduction of issue expenses) will be used to refinance existing indebtedness and to finance new investments and general working capital purposes of CapitaLand Group.

Application will be made to the Singapore Exchange Securities Trading Limited (“SGX-ST”) for the listing and quotation of the Notes on the SGX-ST. Admission to the Official List of the SGX-ST and quotation of any Notes on the SGX-ST is not to be taken as an indication of the merits of CapitaLand, the Issuer, its subsidiaries, its associated companies, the MTN Programme or such Notes.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia