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CapitaLand unit prices S$500M notes offering

A CapitaLand Ltd. unit priced a S$500.0 million offering of 3.08% fixed-rate notes due 2027, to be issued under the company's S$5.00 billion euro medium-term note program, at 100% of their principal amount.

The notes have a term to maturity of 10 years and are expected to be issued Oct. 19.

The company will use the net proceeds for refinancing of existing borrowings, funding investments, and for general business purposes.

DBS Bank Ltd. is the sole book runner.

As of Oct. 6, US$1 was equivalent to roughly S$1.37.