Proceeds from $400m issued fixed rate notes to fund eligible green projects: CICT

The notes are due on 19 June 2030.

CapitaLand Integrated Commercial Trust (CICT) announced that its wholly-owned subsidiary, CMT MTN issued $400m in aggregate principal amount of 3.938% fixed rate notes.

In a statement, CICT said the notes are pursuant to the US$3b euro-medium term note programme.

The notes are guaranteed by HSBC Institutional Trust Services (Singapore) Limited as trustee of CICT.

Moody’s Investors Service, Inc. designated a programme rating of “(P)A3” to the EMTN Programme on 1 October 2020.

"A rating is not a recommendation to buy, sell or hold securities, does not address the likelihood of timing of prepayment, if any, or the receipt of default interest and may be subject to revision or withdrawal at any time by the assigning rating organisation," said CICT.

It added that proceeds from the issuance will be used to finance or refinance the eligible green projects undertaken by CICT group in line with CICT Green Finance Framework.