CLCT raises $150m from oversubscribed perpetual securities issue

Trading is expected to start on 22 September 2025.

CapitaLand China Trust (CLCT) has issued $150m fixed-rate subordinated perpetual securities under its $1b multicurrency debt issuance programme after the offering was oversubscribed 3.4 times.

Fund managers and insurance companies took 52% of the allocation, whilst 48% went to private banking investors, the trust’s manager said.

HSBC Institutional Trust Services (Singapore) Limited, acting as trustee of CLCT, confirmed that the perpetual securities have received approval in-principle from the Singapore Exchange Securities Trading Limited (SGX-ST) for listing and quotation.

The issue was conducted outside the U.S. under Regulation S and offered in Singapore only to institutional and accredited investors.

The securities are not registered in the U.S. or Singapore for public offering.