CapitaCommercial Trust prices $141 million CB

Strong demand boosts the size of CCT's five-year CB, which offers a 23% conversion premium.

CapitaCommercial Trust CCT has priced its five-year convertible bond, resulting in a 2.5% coupon and yield, and a 23% conversion premium. The final size was S$175 million $141 million, an increase from the original plan for S$150 million.

The deal drew robust demand thanks to the company’s high-quality credit about 70 investors took part and the book was multiple-times covered, a source said yesterday. They were multi-strategy and outright investors from Asia and...

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