CMT issues S$100m in 10-year debt at 3.5%

THE manager of CapitaLand Mall Trust (CMT) on Thursday said CMT has issued S$100 million in 10-year fixed rate notes at a rate of 3.5 per cent per annum to institutional and accredited investors.

Funds from the debt issue will be used to refinance existing borrowings. The notes will be listed and quoted on the Singapore Exchange from 9am on Feb 26, 2016. The notes are due Feb 25, 2026.

The notes have been issued under the S$2.5 billion multi-currency medium-term note programme established by CMT in 2007.