CapitaMalls Asia subsidiary issues unrated S$250m fixed rate notes

The notes are issued under the S$2b Euro-Medium Term Note Programme established by CapitaMalls Asia Treasury Limited.

CapitaMalls Asia Limited announced that its wholly-owned subsidiary CapitaMalls Asia Treasury Limited has issued unrated S$250,000,000 3.70 per cent fixed rate notes due 2022.

DBS Bank Ltd. has been appointed as the dealer in relation to the issue and offering of the notes.

CapitaMalls Asia said in the announcement that the notes will mature on 29 August 2022 and bear an interest rate of 3.70 per cent per annum payable semi-annually in arrear.

The net proceeds arising from the issue of the notes will be used for the purpose of financing the investments and general corporate purposes of CapitaMalls Asia Treasury Limited, CapitaMalls Asia and its subsidiaries and associated companies.