CCT converts $4m of its 2.5% convertible bonds

Shareholders exercised conversion rights.

CapitaLand Commercial Trust (CCT) converted and cancelled $4m of its 2.5% convertible bonds worth $175m.

According to an announcement, this was due to an exercise of conversion rights by stockholders.

Currently, the total principal amount of bonds that have been converted and cancelled is $170.5m. The remaining outstanding bonds are worth $4.5m.

The convertible bonds are due on 12 September 2017.

Moreover, 2,804,065 new units have been issued worth $1.4 per unit. Total units in issue is at 3,090,461,263.

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