CapitaMalls doubles retail bond offer
Singaporean property developer CapitaMalls Asia is raising the size of its 10 year retail bond offering to S$400m ($309m) after the first tranche of the issue aimed at institutional investors was more than two times oversubscribed.
CapitaMall closed its offering for institutional investors on Thursday after it raised S$180m, nearly double the S$100m it planned to issue, said a banker working on the deal. The offer got S$220m worth of orders.
Private banks took 63% of the transaction, banks 12%, insurers 10%, asset managers
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.