According to CICT, the proceeds from the issue will be used to finance or refinance the eligible green projects undertaken by the CICT Group in accordance with the group’s green finance framework.
The Singapore Exchange Securities Trading Limited (SGX-ST) has granted its approval in-principle and the notes will be listed and quoted on the SGX-ST on or around Nov 1.
The notes have been assigned a rating of “A-“ by S&P Global Ratings.
Should conditions be breached, including CICT’s manager being removed from the trust, the total level of debt issues and borrowings of CICT and, or its subsidiaries comes up to around $8.97 billion.
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Units in CICT closed 2 cents lower or 0.98% down at $2.02 on Oct 30.
