CIT's S$100m 4-year bonds sold at 3.50%

Singapore

CAMBRIDGE Industrial Trust (CIT) yesterday sold S$100 million four-year senior unsecured bonds, the Royal Bank of Scotland said.

Orders were in excess of S$165 million, allowing the company to price them at 3.50 per cent from the initial price guidance of 3.75 per cent, said RBS, the sole lead manager and bookrunner.