CapitaLand Integrated Commercial Trust (CICT) has issued $300 million 2.25% fixed rate notes due Sept 27, 2032 to institutional and accredited investors.
The notes have been issued under the US$7 billion euro-medium term note programme established on March 29, 2010.
The notes have been assigned a rating of “A3” by Moody’s.
The proceeds from the issue of the notes will be used by CICT and its subsidiaries to finance or refinance in part or in whole the eligible green projects undertaken by the group.
The euro-medium term note programme carries a condition where a default may occur should the manager of CICT be removed, and a substitute is not appointed in accordance with the terms of the trust deed constituting CICT.
In such an event, the aggregate level of facilities, debt issues and borrowings of CICT affected is about $9.405 billion.
See also: OUE REIT issues second 7-year investment grade green notes of $150 mil at 2.75% fixed rate due 2032
Units in CICT closed 3 cents lower or 1.31% down at $2.26 on Sept 25.
