CapitaLand India Trust (SGX:CY6U) priced SG$100 million worth of 4.40% subordinated perpetual bonds, under its SG$1.5 billion multicurrency debt issuance program, according to a late Wednesday filing with the Singapore Exchange.
DBS Bank, United Overseas Bank (SGX:U11), J.P Morgan Securities Asia and Deutsche Bank AG have been appointed as joint lead managers for the bonds.
Net proceeds from the issuance will be used to refinance existing borrowings, financing business acquisitions, acquisitions and for general working capital needs.
Shares of the company were down nearly 1% in recent trading.
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