CapitaLand issues 10-year CB after hiatus

Singapore property developer brings new convertible to fund the tender of its existing equity-linked debt.

CapitaLand issues 10-year CB after hiatus

One of Asia's most prolific convertible bond issuers returned to the market for the first time in a year-and-a-half on Thursday with an S$650 million $493 million transaction to fund a tender offering for three existing equity-linked deals. 

Singapore property developer CapitaLand has a reputation for executing extremely long-dated transactions by Asian standards and its new 10-year deal with a seven-year put was no exception. Its last deal in September 2013 was similarly...

To continue reading, please login or register for free

Click for more on: singapore | jp morgan | capitaland | convertible | property

Print Edition

FinanceAsia Print Edition

CONFERENCES