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CICT prices $400 mil worth of seven-year green bonds

Felicia Tan
Felicia Tan • 1 min read
CICT prices $400 mil worth of seven-year green bonds
Raffles City, which is a part of CICT's portfolio. Photo: Albert Chua/The Edge Singapore
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CapitaLand Integrated Commercial Trust (CICT) (SGX:C38U) has priced $400 million worth of seven-year green bonds. The bonds, which will be settled on June 19, will measure on June 19, 2030.

The bonds will be issued at an issue price of 100% of their principal amount and will carry a coupon of 3.938% per annum (p.a.), or 87.3 basis points (bps) over the seven-year Singapore Overnight Rate Average (SORA).

Interest payments will be made semi-annually in arrear on June 19 and Dec 19 of each year and first paid on Dec 19.

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