CICT says that the net proceeds will be used to refinance existing borrowings of the group, to finance the investments comprised in CICT, to on-lend to any trust, fund, partnership or entity in which CICT has an interest, to finance any asset enhancement works initiated in respect of CICT or such trust, fund, partnership or entity, and to finance the general corporate and working capital purposes in respect of the group.
The manager of CapitaLand Integrated Commercial Trust (SGX:C38U
) (CICT) has increased its Euro Medium Term Note Programme limit to US$7 billion ($8.99 billion), and incorporated the option to issue Australian law medium term notes.
The Euro Medium Term Note Programme, established on March 29, 2010 and last updated on April 20, 2021, was initially capped at US$3 billion.
