CapitaCommercial Trust Management issues $75m floating rate notes to refinance existing debt

The notes are due on 2021.

CapitaCommercial Trust Management today revealed that it has issued ¥6.3b floating rate notes due 31 October 2021.
The Notes are issued under the S$2,000,000,000 Multicurrency Medium Term Note Programme established by CCT Management on 20 November 2007.

The Notes will mature on 31 October 2021, with interest payable on a floating rate basis.

CapitaCommercial Trust Management has entered into swap transactions to swap the Yen proceeds into Singapore dollars amounting to S$75,000,000 at a Singapore dollar fixed interest rate of 2.95 per cent. per annum.

The proceeds will be used to refinance existing borrowings of CCT and the subsidiaries, to on-lend to any entity in which CCT has an interest, to finance any capital expenditure and asset enhancement works initiated by CCT and for the general working capital of CC