MPACT prices $200m green notes at 2.45% per annum
Proceeds will be used to finance or refinance MPACT green projects.
Mapletree Pan Asia Commercial Trust (MPACT) has priced $200m fixed-rate senior green notes due in 2032 at 2.45% per annum.
The plan falls under its $5b Euro Medium Term Securities Programme, established on 27 September 2022.
The proceeds will be used to finance or refinance eligible green projects under MPACT’s green finance framework.
Credit rating company, Moody’s Investors Service, has assigned a Baa2 rating to the notes, the same rating as MPACT’s long-term issuer rating.
Appointees as the joint lead managers and joint book-runners for the notes issuance are DBS Bank Ltd. and Oversea-Chinese Banking Corporation Limited.