CapitaLand Investment’s (CLI) 9CI wholly-owned subsidiary CLI Treasury Limited has priced the offering of $425 million senior notes due 2030.
The interest rate of the notes is fixed at 4.2% per annum.
The notes will be issued under the $6 billion Euro Medium Term Note Programme established by the Issuer on Nov 9, 2021.
The payment obligations of the Issuer under the notes will be unconditionally and irrevocably guaranteed by CLI.
The issue date of the notes is currently expected to be April 12 this year.
The net proceeds arising from the issue of the notes will be used for refinancing existing borrowings, financing the investments and general corporate purposes of CLI and the issuer.
Shares in CLI closed 3 cents higher or 0.8% up on Apr 4 at $3.78.
