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CapitalMall Trust (CMT) is offering S$200 million in retail bonds as part of its S$2.5 billion retail-bond programme.
The seven-year bonds will pay a fixed interest of 3.08 percent per year, with payments made every six months – on 20 February and 20 August each year until 2021.
CMT said up to S$150 million of the retail bonds will be offered to the public, while the rest will be offered to institutional and other investors.
Should the public offer and placement be oversubscribed, the trust’s manager, CMT Management, may increase the issue size to up to S$350 million.
Subscriptions under the public offer will be subject to balloting once the total subscriptions exceed the available amount. The minimum investment amount is S$2,000, with incremental multiples of S$1,000.
The public offer is open for subscription until 18 February.
Nikki De Guzman, Junior Journalist at PropertyGuru, wrote this story. To contact her about this and other stories, email nikki@propertyguru.com.sg.
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