CapitaLand Integrated Commercial Trust (C38U) announced on Mar, 10 2026 that its wholly-owned subsidiary, CMT MTN Pte. Ltd., has issued 300 million Singapore dollars of 2.18% fixed rate green notes maturing on Mar, 10 2031 under its 7 billion Singapore dollars Euro-Medium Term Note (EMTN) programme.
The notes, unconditionally and irrevocably guaranteed by HSBC Institutional Trust Services (Singapore) in its capacity as trustee of the trust, will pay interest semi-annually and carry an “A-” rating from S&P Global Ratings.
Proceeds will be used to finance or refinance eligible green projects undertaken by the CapitaLand Integrated Commercial Trust Group in accordance with its Green Finance Framework.
Singapore Exchange Securities Trading has granted approval-in-principle for the listing and quotation of the notes, which are expected to commence trading on Mar, 11 2026.
The EMTN programme includes an event-of-default clause triggered if CapitaLand Integrated Commercial Trust Management Limited is removed as manager without an approved replacement. A breach of this condition could affect approximately 8.579 billion Singapore dollars of the group’s outstanding borrowings. The manager confirmed that no such breach has occurred.