CapitaCommercial Trust bonds issue closes

Net proceeds are expected to be approximately S$171.9m.

A CapitaCommercial Trust announcement said S$141.1m of the net proceeds will be used by HSBC Institutional Trust Services (Singapore) Limited on 14 September 2012 for the settlement of the tender of convertible bonds due 2013 for repurchase by CCT trustee and the manager, with the balance for general corporate purposes.

Meanwhile the S$175m 2.5 per cent convertible bonds due 2017 were admitted to the official list of the SGX-ST on 13 September 2012.

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