CapitaLand’s S$350m 10-year bond to yield 4.3% yearly

Developer CapitaLand said its unit CapitaLand Treasury has priced its S$350 million 10-year bond to yield 4.3 per cent per annum.

The bond due in August 2020 is part of its S$3 billion multi-currency programme.

The firm added it will also guarantee the payment obligations of its unit.

CapitaLand intends to use the proceeds to refinance existing debt and fund new investments and general working capital purposes of CapitaLand Group.

The issue date of the notes is currently expected to be on August 31 this year.

DBS Bank has been appointed as sole bookrunner of the Notes.

Source : Channel NewsAsia – 17 Aug 2010

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