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CapitaLand China Trust ( (SG:AU8U) ) has issued an announcement.
CapitaLand China Trust has updated and amended its S$1 billion multicurrency debt issuance programme, originally set up in 2012, to enable settlement and clearance of future securities via the Hong Kong Monetary Authority’s Central Moneymarkets Unit, appointing Deutsche Bank’s Hong Kong branch as CMU lodging and paying agent, agent bank, transfer agent and registrar. The programme changes also refine interest and distribution rate determination and benchmark discontinuation provisions for new issuances, while leaving all existing outstanding securities and the rights and obligations of their holders unaffected, signalling CLCT’s continued optimisation of its funding platform and broader access to regional fixed income investors, with DBS Bank remaining as arranger and dealer and potential listings on the Singapore Exchange for future series.
The most recent analyst rating on (SG:AU8U) stock is a Hold with a S$1.00 price target. To see the full list of analyst forecasts on CapitaLand China Trust stock, see the SG:AU8U Stock Forecast page.
More about CapitaLand China Trust
CapitaLand China Trust (CLCT) is a Singapore-listed real estate investment trust that invests primarily in income-producing real estate in China, with a focus on retail, business park and industrial assets. Managed by CapitaLand China Trust Management Limited, the trust taps regional debt and equity capital markets to fund its portfolio growth and refinancing needs, including via a longstanding S$1 billion multicurrency debt issuance programme.
Average Trading Volume: 1,730,425
Technical Sentiment Signal: Buy
Current Market Cap: S$1.35B
Learn more about AU8U stock on TipRanks’ Stock Analysis page.