It will have an annual interest rate of 3.15%.
CapitaLand announced that it has priced an offering of $800m fixed-rate notes to be issued under a $5b Euro Medium Term Note (EMTN) Programme.
The notes will have a 3.15% interest rate per annum and will be due on 2029. It will carry an issue price of 100% of the principal amount.
DBS Bank will act as the sole global coordinator of the notes, whilst DBS Bank and United Overseas Bank (UOB) were appointed as the joint lead managers and joint bookrunners.
According to a report by Market Screener, the proceeds will be used to refinance existing borrowings and general corporate needs.
The notes are expected to be issued on 29 August.
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