CapitaLand subsidiary issues S$350mln 4.3% fixed rate notes

Proceeds of notes due 2020 under S$3bln multicurrency medium term note programme to finance new investments.

CapitaLand Limited (“CapitaLand”) announced that CapitaLand Treasury Limited (the “Issuer”), a wholly-owned subsidiary of CapitaLand, on Tuesday has priced S$350,000,000 in principal amount of 4.3% Fixed Rate Notes due 2020 (the “Notes”) under its S$3,000,000,000 Multicurrency Medium Term Note Programme established in June 2004 (the “MTN Programme”). The payment obligations of the Issuer under the Notes will be unconditionally and irrevocably guaranteed by CapitaLand, as mentioned in one of its reports.

DBS Bank Ltd has been appointed as sole bookrunner of the Notes.

The principal terms of the Notes are as follows:
Issue Size: S$350,000,000
Issue Price: 100% of the principal amount of the Notes
Interest: 4.3% per annum
Maturity Date: 10 years from the date of issue

The issue date of the Notes is currently expected to be on 31 August 2010.

The proceeds arising from the issue of the Notes (after the deduction of issue expenses) will be used to refinance existing indebtedness and to finance new investments and general working capital purposes of CapitaLand Group.

Application will be made to the Singapore Exchange Securities Trading Limited (“SGX-ST”) for the listing and quotation of the Notes on the SGX-ST. Admission to the Official List of the SGX-ST and quotation of any Notes on the SGX-ST is not to be taken as an indication of the merits of CapitaLand, the Issuer, its subsidiaries, its associated companies, the MTN Programme or such Notes.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia