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CICT issues HK$755m fixed rate notes

The notes are due in 2033 with a fixed rate of 4.85%.

CapitaLand Integrated Commercial Trust (CICT) has issued a tranche of notes worth HK$755m due on 15 March 2033 at a fixed rate of 4.85% per annum.

The notes issues are under the U.S.$3,000,000,000 Euro-Medium Term Note Programme established by CICT’s wholly-owned subsidiary, CMT MTN Pte. Ltd.

In a bourse filing, CICT also stated that CMT MTN has entered into “swap transactions to swap the Hong Kong dollar proceeds of the notes
into Singapore dollar proceeds of $132,729,000 at a Singapore dollar fixed interest rate of 4.026% per annum.”

CICT said it will use the proceeds from the issue of the notes to finance or refinance, in whole or in part, eligible green projects it undertook in accordance with the CICT Green Finance Framework.

The notes will be listed and quoted on SGX-ST on or about 16 March. 
 

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