CapitaLand India Trust (SGX:CY6U) priced SG$200 million worth of 3.20% bonds due 2030 under its SG$1.5 billion multicurrency debt issuance program.
Fitch Ratings is expected to rate the bonds BBB, and DBS Bank has been appointed as the sole rating advisor, according to a Monday filing with the Singapore Exchange.
Meanwhile, DBS Bank and United Overseas Bank have been appointed joint lead managers.
Proceeds from the issuance will be used to refinance existing borrowings or repay loans, finance business activities and acquisitions, and meet general working capital needs.
The bonds are expected to be issued on March 21 and listed on March 24, the filing stated.
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