HSBC closes its first Singapore securitization

Singapore''s best-performing Reit raises $195.5 million through CMBS.

CapitaMall Trust has closed a securitization offer to fund the acquisition of a new property in Singapore. The $195.5 million raised from the deal, which is issued through the Silver Maple Investment Corporation medium-term note programme, will help the real estate investment trust, or Reit, pay for the Plaza Singapura shopping mall.

The deal was initially marketed to investors at a coupon of 32bp to 37bp over Libor punchy pricing given that the last CMBS...

To continue reading, please login or register for free

Click for more on: hsbc | closes | first | singapore | securitization

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 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 ...