The manager of CapitaLand Integrated Commercial Trust (CICT) has established a $500 million Euro-commercial paper programme via its trustee, HSBC Institutional Trust.
Under the programme, CICT may issue Euro-commercial paper notes in series or tranches and in currencies such as the Euro, British pound and US dollars. Other currencies include the Japanese yen, Australian dollar and Singapore dollar (SGD).
The issuance will be subject to any applicable legal or regulatory restrictions, any other currency agreed between the Issuer and the relevant dealer of the programme and set out in the relevant global note or, as the case may be, definitive note.
The notes will have tenors of not more than 364 days.
DBS is the sole arranger of the programme and has been appointed as a dealer under the programme.
Units in CICT closed 2 cents lower or 0.96% down at $2.06 on Aug 23.
