CapitaMall raises $197 million from three-year CB

The Singapore dollar-denominated deal comes less than 12 hours after ReneSola reopened the Asian CB market following a near two-month dry-spell.

CapitaMall Trust has raised S$250 million $197 million from a Singapore dollar-denominated convertible bond, sending a clear message to investors and issuers that Asia’s CB market is back open for business.

The three-year deal launched just 12 hours after US-listed ReneSola became the first Asia-based company to issue a CB since mid-January, but, unlike that deal, which was sold primarily to US investors, CapitaMall’s CB qualifies as a real Asian offering.

As the largest real estate investment trust Reit in Singapore and a key member of the CapitaLand group, CapitaMall is a well-known and respected credit, and the deal comes...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222