CapitaLand buys back S$432.5 million worth of CBs via tender

The Singapore-listed developer fixes the tender price at 111.5% and then buys an additional S$160 million worth of convertible bonds in the open market to reduce its debt service obligations.
June 17, 2013

CapitaLand will buy back S$432.5 million ($345 million) worth of its 3.125% convertible bond that matures in 2018 through an earlier announced tender offer, it said after the market closed on Friday.

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