Mainboard-listed CapitaMall Trust (CMT) said it has established a Euro-Medium Term Note Programme worth US$2 billion.
Net proceeds from the issuance will be used to refinance existing borrowings, to fund investments and for general working capital.
CMT said the Note Programme is in line with its strategy of increasing financial flexibility by diversifying sources of funding and extending debt maturities.
In addition, the programme also aims to increase the proportion of unsecured debt over time.
CMT said the programme will be unconditionally guaranteed by HSBC Institutional Trust Services.
Morgan Stanley Asia has been appointed to act as the arranger and a dealer for the issuance.
Source : Channel NewsAsia – 29 Mar 2010
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