CMT – BT

CMT issues 2-year notes

CAPITAMALL Trust, Singapore’s largest property trust, said yesterday it had issued $155 million worth of two- year fixed-rate notes bearing an annual interest rate of 3.25 per cent. The notes, issued under its $1 billion multicurrency medium-term note programme, will mature on April 1, 2010. The proceeds will be used mostly for general working capital, CapitaMall said in a statement.

CapitaMall competes with other Singapore-listed real estate investment trusts (Reits) which own offices and retail malls, including Suntec Reit, Macquarie MEAG Prime and Frasers Centrepoint. — Reuters