CapitaLand Ltd. will redeem about S$600.8 million of its S$800.0 million 1.95% convertible bonds due 2023.

The Singapore-based real estate company will carry out the redemption at the principal amount, with about S$5.9 million of accrued interest, on Oct. 17.

Upon redemption, about S$199.3 million of the bonds will remain outstanding.

As of Oct. 9, US$1 was equivalent to S$1.38.