CapitaLand India Trust issues $150m notes due 2027

The notes are expected to be issued on 30 August 2024.

CapitaLand India Trust (CLINT) has issued notes worth $150m, with an interest rate of 3.70% per annum, due 2027 under its $1.5b Multicurrency Debt Issuance Programme.

It is payable semi-annually in arrear with a tenor of three years, and is expected to be rated “BBB-” by Fitch Ratings.

DBS Bank has been appointed as sole global coordinator and sole ratings advisor and joint lead managers with UOB.

Proceeds will be used to refinance existing borrowings or the repayment of loans and financing the business activities, acquisitions, and general working capital of CLINT.

The notes will be issued on 30 August and listed on the Singapore Exchange Securities Trading Limited on or about 2 September this year.