The manager of CapitaLand India Trust CY6U (CLINT) CY6U has priced its issuance of JPY4 billion ($36.1 million) notes due 2028 as part of its $1.5 billion multicurrency debt issuance programme.
The notes will bear interest at 1.45% per annum, payable semi-annually in arrears with a tenor of five years.
Mizuho Securities Asia has been appointed the dealer for this series of notes.
The net proceeds arising from the notes issue will be used for the purpose of refinancing CLINT’s JPY4 billion 0.64375% notes due 2023 maturing on Dec 18.
The notes are expected to be issued on Dec 6.
Units in CLINT closed 2 cents higher or 1.94% up at $1.05 on Dec 1.
