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CapitaLand Mall Trust issues S$130M of notes under S$3.5B program

CapitaLand Mall Trust issued S$130.0 million of 3.2115% notes under its S$3.50 billion multicurrency medium-term note program.

The Singapore stock exchange gave in-principle approval for the listing of the issued notes, which is expected to take effect May 10 at 9 a.m., local time.

In a news release, the regional mall landlord said proceeds from the offering will be used to refinance its existing debt, to fund investments and for general corporate and working capital expenditures, among other purposes.

As of May 9, US$1 was equivalent to S$1.34.