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.
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