Bloomberg News

CapitaMall Trust Said to Hire Banks for U.S. Dollar Bonds

March 12, 2012

CapitaMall Trust (CT) is selling its second U.S. dollar-denominated bond, according to a person familiar with the matter and data compiled by Bloomberg.

The six-year notes are being marketed at a spread of about 312.5 basis points more than similar-maturity Treasuries, the person said, asking not to be identified because the details are private. HSBC Holdings Plc (HSBA), Morgan Stanley and Standard Chartered Plc were hired to help arrange the Reg S sale, the person said.

CapitaMall Trust is the largest retail investment trust by market value and asset size in Singapore, according to its website. The company first sold dollar bonds in March 2010, when it offered $500 million of five-year notes with a 4.321 percent coupon, according to data compiled by Bloomberg.

Patricia Ng, a spokeswoman at CapitaMalls Asia Ltd. (CMA), wasn’t immediately available to comment on the bond sale when contacted by phone and e-mail today. CapitaMall Trust is managed by CapitaMall Trust Management Ltd., a wholly-owned subsidiary of CapitaMalls Asia.

To contact the reporter on this story: Tanya Angerer in Singapore at tangerer@bloomberg.net

To contact the editor responsible for this story: Shelley Smith at ssmith118@bloomberg.net


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