Singapore-listed retail and office REIT, Mapletree Greater China Commercial Trust, announced on 12 April that it has issued of HKD6 billion in principal amount of 3.25% notes that will mature in 2023.
The notes have been issued under the REIT’s USD1.5 billion Euro medium term securities programme and will not be listed.
DBS Bank Ltd. has been appointed as the dealer for the issue of the notes, which have been assigned a definitive rating of Baa1 by Moody’s Investors Service.
Proceeds arising from the issue of the notes will be applied towards the refinancing of the existing borrowings of the REIT.
Units of Mapletree Greater China Commercial Trust finished the trading day about 0.5% lower from its previous close on the Singapore Exchange to end at SGD0.965.