CapitaLand subsidiary issues S$350mln 4.3% fixed rate notes

Proceeds of notes due 2020 under S$3bln multicurrency medium term note programme to finance new investments.

CapitaLand Limited (“CapitaLand”) announced that CapitaLand Treasury Limited (the “Issuer”), a wholly-owned subsidiary of CapitaLand, on Tuesday has priced S$350,000,000 in principal amount of 4.3% Fixed Rate Notes due 2020 (the “Notes”) under its S$3,000,000,000 Multicurrency Medium Term Note Programme established in June 2004 (the “MTN Programme”). The payment obligations of the Issuer under the Notes will be unconditionally and irrevocably guaranteed by CapitaLand, as mentioned in one of its reports.

DBS Bank Ltd has been appointed as sole bookrunner of the Notes.

The principal terms of the Notes are as follows:
Issue Size: S$350,000,000
Issue Price: 100% of the principal amount of the Notes
Interest: 4.3% per annum
Maturity Date: 10 years from the date of issue

The issue date of the Notes is currently expected to be on 31 August 2010.

The proceeds arising from the issue of the Notes (after the deduction of issue expenses) will be used to refinance existing indebtedness and to finance new investments and general working capital purposes of CapitaLand Group.

Application will be made to the Singapore Exchange Securities Trading Limited (“SGX-ST”) for the listing and quotation of the Notes on the SGX-ST. Admission to the Official List of the SGX-ST and quotation of any Notes on the SGX-ST is not to be taken as an indication of the merits of CapitaLand, the Issuer, its subsidiaries, its associated companies, the MTN Programme or such Notes.