MPACT prices S$200 million of green bonds at 2.53%
Moody’s has assigned a “Baa2” rating to these bonds
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[SINGAPORE] Mapletree Pan Asia Commercial Trust (MPACT) has priced S$200 million of senior green notes at 2.53 per cent on Tuesday (Jun 16), said the manager of the real estate investment trust (Reit) via a bourse filing.
These green bonds, which is issued under its S$5 billion euro medium-term securities programme that was established in 2022, will mature on Jun 24, 2033.
The proceeds raised from this issuance will be used by MPACT and its subsidiaries to finance or refinance eligible green projects aligned with the Reit’s green finance framework.
This latest offering comes about 10 months after MPACT issued an earlier tranche of green bonds also at S$200 million. This previous offering was priced lower at 2.45 per cent.
Moody’s has assigned a “Baa2” rating to these bonds, which is the same as MPACT’s long-term issuer rating.
OCBC and UOB were appointed as joint lead managers and bookrunners for this latest tranche.
As the trustee of MPACT, DBS Trustee will be guaranteeing the payment obligations of these notes.
Units of MPACT closed flat at S$1.28 on Tuesday before the news.
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