The Atrium at Orchard, a property of CapitaLand Integrated Commercial Trust. (Photo: REITsWeek)

CapitaLand Integrated Commercial Trust’s (CICT’s) recently issued HKD-denominated notes have been assigned a second-tier credit rating amid the REIT’s weakened credit position.

CICT announced on 1 February that it has issued HKD713 million 2.53% fixed rate notes due February 2033 via a subsidiary.

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By Shariffa Al-Habshee

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