DBS, UOB, JP Morgan Securities Asia and Deutsche Bank are the joint lead managers for the issuance.
The perpetual securities will be issued in denominations of S$250,000 at an issue price of 100% of the principal amount, and the perpetual security holders will receive distributions at a fixed rate of 4.4% per annum from the expected issue date up till, but excluding, the first reset day on Jul 2, 2030.
Subsequently, they will receive distributions at a per-annum fixed rate equal to the five-year Singapore Overnight Rate Average Overnight Indexed Swap, according to the relevant reset date.
Units in CapitaLand India Trust closed flat at $1.06 on July 2.
