CCT deal breaks CB drought û but who bought it?

The Singapore-listed CapitaCommercial Trust issues $203 million worth of convertible bonds that are priced at the wide end of terms.

CapitaCommercial Trust CCT has raised S$280 million $203 million from a convertible bond which will go towards the refinancing of short-term debt and the possible acquisition of a commercial property on 1 George Street in Singapore, which was announced last week.

The Singapore-listed real estate investment trust Reit could end up raising a further S$90 if the overallotment option is exercised in full.

The offering, which was completed on Tuesday night Hong Kong time and is the first CB...

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