CCT deal breaks CB drought û but who bought it?

The Singapore-listed CapitaCommercial Trust issues $203 million worth of convertible bonds that are priced at the wide end of terms.

CapitaCommercial Trust CCT has raised S$280 million $203 million from a convertible bond which will go towards the refinancing of short-term debt and the possible acquisition of a commercial property on 1 George Street in Singapore, which was announced last week.

The Singapore-listed real estate investment trust Reit could end up raising a further S$90 if the overallotment option is exercised in full.

The offering, which was completed on Tuesday night Hong Kong time and is the first CB...

To continue reading, please login or register for free

Click for more on: convertible | property | reit | standard chartered

Print Edition

FinanceAsia Print Edition

CONFERENCES