CapitaMall Trust sets up S$2.5b bond programme

CapitaMall Trust, Singapore’s largest REIT by asset size, said it is setting up a S$2.5 billion “Retail Bond Programme” and offering up to S$200 million two-year retail bonds.

CapitaMall Trust said HSBC Institutional Trust Services would issue bonds, from time to time, under the S$2.5 billion programme, in its capacity as trustee of CapitaMall Trust, in series or tranches in Singapore dollars, United States dollars, Australian dollars, Canadian dollars, Euro, Hong Kong dollars, or Japanese yen or in other currencies.

The Bonds may be fixed rate Bonds, floating rate Bonds, hybrid Bonds or zero coupon Bonds, it said in a filing to the Singapore Exchange.

DBS Bank has been appointed as the arranger and dealer of the Retail Bond Programme.

DBS will also act as the sole bookrunner and lead manager for the offer of the S$200 million bonds. CapitaMall Trust said it would offer up to S$50 million of the total to the public while the remaining S$150 million would be set aside for institutional and other investors.

The bonds carry a fixed interest of 2 per cent per annum, to be paid annually on February 25 2012 and February 25 2013, CapitaMall Trust said.

Source : Channel NewsAsia – 16 Feb 2011

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