MARKETS & INVESTING | Staff Reporter, Singapore

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.

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