CLCT prices S$150 million 7-year notes at 2.4%

CAPITALAND China Trust (CLCT) has priced S$150 million worth of notes due 2028 at 2.4 per cent.

In a filing to the Singapore Exchange on Tuesday, it said that the notes will be issued under its S$1 billion multicurrency debt issuance programme,

The notes will bear interest at a fixed rate of 2.4 per cent per annum, payable semi-annually, and will mature on June 29, 2028.

The notes are expected to be issued on June 29 this year, according to DBS which priced the notes.

The net proceeds arising from the notes will be used for general corporate and working capital purposes, investment or refinancing of existing borrowings.

Shares in CLCT closed at S$1.37, down one cent or 0.73 per cent, on Tuesday.