CapitaMalls Asia to raise S$200m through bonds

A unit of CapitaMalls Asia will sell up to S$200 million in bonds to retail investors to fund its investments.

Part of the funds raised will also be for general corporate purposes, the shopping mall developer said in a filing to the Singapore Exchange.

CapitaMalls Asia Treasury also announced that it will sell one-year bonds carrying an interest coupon of 1 per cent a year. In addition, it will also sell three-year bonds bearing 2.15 per cent interest.

CapitaMalls Asia said that the offer opens on Friday and closes on January 17.

The bookrunner and lead manager of the offer is DBS Bank.

Source : Channel NewsAsia – 6 Jan 2011

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