CMT MTN has entered into swap transactions to swap the HKD proceeds of the notes into Singapore dollar proceeds of $125 million at an SGD fixed interest rate of 2.15% per annum.
CMT MTN, a wholly-owned subsidiary of CapitaLand Integrated Commercial Trust (CICT), has issued HK$713 million ($122.1 million) notes due Feb 1, 2033, guaranteed by HSBC Institutional Trust Services.
The notes, which are for institutional as well as sophisticated investors, will carry a coupon of 2.53% per annum and will be drawn down under the $7 billion multicurrency medium term note programme (MTN programme).
