Shares of CapitaLand Integrated Commercial Trust (SGX:C38U) were up under 1% after its subsidiary, CMT MTN increased the program limit of its euro medium-term bond program to $7 billion, according to a late Wednesday filing with the Singapore Exchange.

The subsidiary also incorporated an option to issue Australian law medium-term bonds.

Net proceeds from the issue of each tranche of bonds will be used to refinance existing borrowings, to finance investments, and for general corporate and working capital purposes.