SEE: CapitaLand forms $416.1 mil JV to scale multifamily asset portfolio in US
The proceeds from the issue of the notes will go to refinancing the existing borrowings of the CICT group, to finance investments comprised by CICT, to on-lend to any trust, fund or entity in which CICT has an interest, to finance any asset enhancement works initiated in respect of CICT or such trust, fund or entity, and to finance the general corporate and working capital purposes in respect of the CICT Group.
The notes have been granted approval-in-principle by the Singapore Exchange Securities Trading Limited (SGX-ST), and will be listed and quoted on the SGX-ST on Dec 8.
Units in CICT closed 2 cents higher or 1% up at $2 on Dec 4.
