CapitaMalls Asia says the the placement tranche of 10-year bonds by its wholly-owned subsidiary, CapitaMalls Asia Treasury has closed just three days after the launch of the placement on Jan 3. The public offer was launched on Jan 4.
The initial placement tranche of $100 million (HK$597.7 million) on offer was more than two times subscribed.
As a result of the strong demand, CapitaMalls Asia Treasury says it is exercising its option to upsize the total offer of the bonds.
It will allocate $180 million to the placement tranche and the balance of the upsized offer, amounting to up to $220 million, remains available on offer to the public in Singapore.
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