CapitaLand Integrated Commercial Trust issues $300 mil 2.25% fixed rate notes to institutional and accredited investors

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: Keppel REIT obtains three loan facilities totalling A$440 mil

Units in CICT closed 3 cents lower or 1.31% down at $2.26 on Sept 25.