CMT completes CMBS deal

Singaporean REIT issues securitization to finance acquisition of IMM Building.

CapitaMall Trust CMT, the first listed real estate investment trust REIT in Singapore, closed its second commercial mortgage backed securitization yesterday Thursday via HypoVereinsbank.

The S$349 million $199.5 million deal comprises $72 million of US dollar denominated notes, a S$172 million bond issue and a S$52 million revolving credit facility.

The transaction will help CMT finance its acquisition of the IMM Building from International Merchandise Mart. The building, which features a mix of...

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