Singapore-listed China centric office and retail REIT Mapletree Greater China Commercial Trust (MGCCT) (SGX:RW0U) announced today that its issue of SGD75 million in 3.20% notes due 2021 will list on the bond market on 9 September at 0900 hours.
The notes are issued under a US$1.5 billion Euro Medium Term Securities Programme which was established on 31 May 2013.
According to an earlier statement issue by the REIT on 2 September, the proceeds arising from the issue of the notes will be applied towards the refinancing of the existing borrowings of MGCCT.
Moody’s Investors Service has on 2 September 2014 assigned a definitive Baa1 rating to the notes.
Units of MGCCT is currently listed on the Singapore Exchange at SGD0.96, up by about 20% from its lowest point in January 2014.