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