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CapitaLand upsizes note program to S$1B

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CapitaLand upsizes note program to S$1B

CapitaLand Retail China Trust amended the size of its S$500.0 million multicurrency medium-term note program to S$1.0 billion.

The company also appointed DBS Bank Ltd. as transfer agent and registrar for the securities issued under the amended program.

There are currently no notes outstanding under the original program.

The net proceeds from offerings under the program can be used toward refinancing the existing borrowings of the company and its units; funding or refinancing purchases or investments; on-lending to any trust, fund or entity in which the company has an interest; financing or refinancing any asset improvement works started by CapitaLand; and for general working capital purposes, among other things.

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