trending Market Intelligence /marketintelligence/en/news-insights/trending/KfA0y3LJvfDmS1BeNLihXg2 content esgSubNav
In This List

CapitaLand unit issues S$300M fixed-rate notes

Blog

Insight Weekly: Energy crisis cripples Europe; i-bank incomes rise; US holiday sales outlook

Blog

Japan M&A By the Numbers: Q3 2022

Blog

Insight Weekly: Reviving nuclear power; 2023 outlook for US financials; PE funds fuel EV sector

Blog

Insight Weekly: Energy reforms after midterms; Crisis ends 'age of gas'; bank deposits fall


CapitaLand unit issues S$300M fixed-rate notes

RCS Trust, a subtrust owned by CapitaLand Commercial Trust and CapitaLand Mall Trust, issued S$300 million of fixed-rate notes, pursuant to its US$2 billion euro medium-term note program.

The notes bear interest at 2.60%, payable semiannually in arrears, and they are set to mature by June 5, 2023.

RCS Trust intends to use the proceeds to refinance existing borrowings, to fund or refinance any asset improvements, and for general business and working capital expenditures for itself and its subsidiaries.

As of June 2, US$1 was equivalent to S$1.38.