CapitaMalls Asia’s bonds oversubscribed

CapitaMalls Asia said its unit’s S$200 million bonds offering was 1.82 times oversubscribed.

In a filing to the Singapore Exchange, the firm said there was strong interest from retail investors, with total applications coming up to about S$181.7 million.

The one-year and three-year bonds will be issued on Friday and are expected to list on the Mainboard on January 24.

The one-year bonds carry interest of one per cent a year, while the three-year bonds bears a 2.15 per cent interest.

CapitaMalls said the retail bonds were targeted at individuals looking for attractive fixed income and also to take part in the “income resilience” of its shopping malls.

In view of the strong demand, CapitaMalls said that reinforces its decision to offer more bonds investment opportunities in the future.

Source : Channel NewsAsia – 21 Jan 2011

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