CapitaLand extends debt maturity with S$1.1 billion CB

The Singapore property developer takes advantage of a perceived market window to issue yet another CB at low cost.

CapitaLand last night surprised the market by launching another convertible bond, adding further to its already bulging cash holdings. And true to form, the Singapore property developer brought a deal that was both larger and longer-dated than any other Asian CB this year - at S$1.1 billion $762 million and seven years no put respectively.

The company's previous two CBs, issued in February 2008 and May 2007, had tenors of 10 years seven-year put and 15 years 10-year put...

To continue reading, please login or register for free

Click for more on: convertible | property | credit suisse

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...