SINGAPORE (March 23): The trustee managers of CapitaLand Commercial Trust (CCT) and CapitaLand Mall Trust (CMT) has established a US$2 billion ($2.8 billion) Euro-medium term note programme for RCS Trust.

RCS Trust is an unlisted special purpose sub-trust which is 60% owned by CCT and 40% owned by CMT.

RCS Trust owns Raffles City Singapore, an integrated development comprising Raffles City Tower, Raffles City Shopping Centre, two hotels and a convention centre.

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