AppId is over the quota
CapitaMall Trust has launched a public offering of 7 year retail bonds at 3.08% pa. Who would have thought that they would launch a bond issue now that interest rates are likely to increase? In 2012, CapitaMalls Asia also launched a 10 year retail bond at 3.8%. However, the interest rates were low at that time and there wasn’t any indication of when interest rates might go up.
The Public Offer
CMT is the largest SREIT by market capitalization and owns many prominent shopping malls such as Raffles City, Tampines Mall, Bugis Mall, Plaza Singapura, Atrium etc.
Issue Size: of $200 million with oversubscription option of an additional $150 million
Issue Price: Par Value (Means for a $1000 principal bond, you pay $1000)
Minimum Subscription Size: $2000
Tenure: 7 Years
Interest: 3.08% payable semi annually
Rating: AA
Potential Risks Involved With Investing in CMA Bond Issue
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