Raffles City Singapore, a property of CapitaLand Integrated Commercial Trust. (Photo: REITsWeek)

CapitaLand Integrated Commercial Trust’s (CICT’s) SGD250 million notes have received an A3 senior unsecured rating from Moody’s Investors Service with a negative outlook.

The notes have a fixed coupon rate of 2.15% per annum and mature on 7 December 2032.

The proceeds from the notes will be used to refinance existing borrowings of the REIT and its subsidiaries, and for general corporate and working capital purposes.

Dear subscribers, please login to continue reading this article.

Don’t miss out on information beyond mainstream media reports that may impact your investments.
Login or sign-up for a free 25-day trial here. Why subscribe?

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.