The bonds will be issued in denominations of CNY 20 million and integral multiples of CNY1 million in excess thereof. They will bear interest at a fixed rate of 3.80% per annum (p.a.) payable annually in arrear.
CapitaLand China Trust (CLCT)’s wholly-owned subsidiary, CLCT MTN, has successfully priced its inaugural CNY600 million ($112 million) free trade zone (FTZ) offshore Chinese yuan (CNY) bonds.
The transaction marks the REIT’s first issuance of CNY-denominated bonds within the China (Shanghai) Pilot Free Trade Zone. They will be listed and traded on the Singapore Exchange (SGX:S68
) Securities Trading Limited (SGX-ST).
