CapitaLand to buy back S$1.7b worth of convertible bonds
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Singapore
CAPITALAND has commenced a tender to buy back S$1.69 billion worth of outstanding convertible bonds, to be funded by a proposed issuance of new convertible bonds of up to S$800 million as well as internal cash resources.
The new convertible bonds of S$650 million come with an upsize option to raise another S$150 million that shall be exercisable on or before June 30.
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