CapitaMall Trust (CMLT.SI), which owns shopping malls in Singapore, has launched a $200 million three-year convertible bond, IFR reported on Thursday.
The bonds can be upsized by another $100 million and is convertible to shares at a 20-25% premium over Thursday’s closing price of $1.83 a unit. The bonds will have a coupon of 1.625-2.125 percent, said IFR, a unit of Thomson Reuters.
Credit Suisse is the sole bookrunner on the deal.
The bonds can be upsized by another $100 million and is convertible to shares at a 20-25% premium over Thursday’s closing price of $1.83 a unit. The bonds will have a coupon of 1.625-2.125 percent, said IFR, a unit of Thomson Reuters.
Credit Suisse is the sole bookrunner on the deal.
CapitaMall, which also has stakes in Malaysian and Chinese malls via other property funds, is part of Singapore’s CapitaLand (CATL.SI), Southeast Asia’s largest property firm.
No comments:
Post a Comment