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CapitaLand Integrated Commercial Trust Management has successfully issued SGD 300 million of fixed-rate green notes with a 2.18% interest rate, set to mature in 2031. The issuance is part of the trust's USD 7 billion Euro Medium Term Note (MTN) program, strengthening its financing flexibility. The green notes are aligned with sustainable investment initiatives, reflecting the trust's focus on environmentally responsible projects. This strategic move enhances the trust's ability to fund long-term developments while providing investors with stable, fixed-income opportunities linked to green projects.
CapitaLand Integrated Commercial Trust Management recently announced the issuance of SGD 300 million in fixed-rate green notes, offering an interest rate of 2.18% per year. These notes are scheduled to mature in 2031 and are issued under the trust's broader USD 7 billion Euro Medium Term Note (MTN) program. Advertisement
The green notes aim to support environmentally sustainable projects within the trust's portfolio, providing investors an opportunity to participate in financing initiatives aligned with green standards. This issuance reflects the trust's ongoing strategy to maintain a balanced and flexible funding structure for its commercial assets.
The trust has previously raised funds through its MTN program to strengthen liquidity and finance acquisitions, and this latest issuance continues that approach. By issuing these green notes, CapitaLand Integrated Commercial Trust not only secures long-term financing but also reinforces its commitment to sustainability and responsible investment. Investors receive a fixed-rate return, providing predictability and security while contributing to environmentally friendly developments.
The move comes as the trust focuses on expanding its commercial portfolio and improving its capital structure. The proceeds from the notes are expected to support ongoing and upcoming projects, maintaining the trust's operational efficiency and financial stability.
Source Reuters
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