Mapletree Logistics Trust (SGX:M44U) executed a pricing supplement to its SG$50 million 3.298% green bonds due 2032, according to a filing with the Singapore Exchange on Wednesday.
The Series 012 bonds are part of the trust's SG$3 billion Euro Medium Term Securities Programme and are unconditionally and irrevocably guaranteed by HSBC Institutional Trust Services.
The bonds are unsecured and expected to be rated BBB+ by Fitch Ratings.
Proceeds from the issuance of the bonds will be used towards financing or refinancing eligible green projects undertaken by the trust.
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