CapitaLand China Trust Soars 5.22%;Capland China Trust Issues 600 Million Yuan Bonds Due 2028
CapitaLand China Trust (SGX:AU8U) will issue 600 million yuan worth of 2.88% bonds due 2028 under its SG$1 billion multicurrency debt issuance program, according to a Wednesday filing on the Singapore Exchange.
The fixed-rate bonds, priced at par, will mature on April 17, 2028, and pay interest semi-annually. Proceeds will be used for general corporate purposes, investments or refinancing existing debt.
CapitaLand China Trust Management said the trust deed includes a clause that triggers an event of default if the current manager is removed and not replaced in line with the terms.
CapLand China T Soars 5.22% at 10:49 am, Apr 10th.
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