CapitaLand Mall Trust's Bugis+ (Photo: REITsWeek)

Moody's Investors Service has assigned an A2 senior unsecured rating to the SGD100 million notes issued by a subsidiary of Singapore-listed retail REIT, CapitaLand Mall Trust (CMT).

The notes have been issued under the REIT’s existing multicurrency medium term note (MTN) programme, which has also been rated (P)A2 by Moody's.

Proceeds from the notes issued will be used to refinance the REIT’s existing borrowings, and for general corporate and working capital purposes.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.