CLCT prices $150m seven-year notes at 2.4%

The notes will be issued under the company’s $1b multicurrency debt issuance programme.

CapitaLand China Trust has priced $150m worth of notes due 2028 at 2.4%.

According to CLCT’s manager CapitaLand China Trust Management Limited, the notes will be issued under the company’s $1b multicurrency debt issuance programme

The notes will bear interest at a fixed rate of 2.4%. per annum, payable semi-annually in arrear and will mature on 29 June 2028. 

The notes will be issued on 29 June at an issue price of 100%. of their principal amount, subject to the satisfaction of customary closing conditions. 

The group plans to use the net proceeds from the issue of the notes for general corporate and working capital purposes, investment or refinancing of existing borrowings.