Stocks to watch: CapitaLand Investment, Paragon Reit, UOB Kay Hian, SingPost

THE following companies saw new developments that may affect trading of their securities on Friday (Aug 16):

CapitaLand Investment (CLI): Its wholly owned unit CLI Treasury has priced the offering of S$350 million worth of senior notes due 2035 at a fixed rate of 3.58 per cent. The group said net proceeds from the issue will be used to refinance existing borrowings and fund the investments and general corporate purposes of CLI and CLI Treasury. Shares of CLI ended Thursday at S$2.51, up 0.8 per cent or S$0.02, before the announcement.

Paragon Reit : Unitholders of the real estate investment trust will receive S$0.0185 per unit from a special distribution, following the completion of The Rail Mall divestment on Thursday. The special distribution is expected to be paid on Oct 7, after the record date of Aug 28. Units of Paragon Reit climbed 0.6 per cent or S$0.005 to end at S$0.87, before the announcement.