CapitaMalls' $200mln bonds over subscribed 1.82 times

The 1-year and 3-year bonds attracted strong interest from retail investors, CapitaMalls Asia said.

The public offer was launched at 9.00 a.m. on 7 January 2011 and closed at 12 noon on 17 January 2011. Total applications amounting to about S$181.7 million were received for the public offer.

Mr Lim Beng Chee, CEO of CapitaMalls Asia, said, “We had launched the retail bonds to cater to individuals looking for attractive fixed income vis-a-vis other investments and to partake in the income resilience of our portfolio of shopping malls. We are encouraged by the strong interest and would like to thank all applicants for their confidence in CapitaMalls Asia. We regret that we were not able to fulfill all the demand. The support we have received will reinforce our resolve to offer retail investors more opportunities to invest in our future series of bonds.”

The 1-year bonds and 3-year bonds will be issued today and are expected to be listed on the Main Board of the Singapore Exchange Securities Trading Limited (“SGX-ST”) at 9.00 a.m. on 24 January 2011. The bonds will be traded in board lot sizes of S$1,000. The SGX-ST stock codes for the 1-year bonds and 3-year bonds are M8SZ and M8TZ respectively.