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An update from CapitaLand China Trust ( (SG:AU8U) ) is now available.
CapitaLand China Trust has announced the pricing of its S$150 million fixed rate subordinated perpetual securities under its S$1 billion multicurrency debt issuance programme. Oversea-Chinese Banking Corporation Limited is the lead manager for this offering. The proceeds will be used for general corporate purposes, working capital, and refinancing existing borrowings. The perpetual securities, which have no fixed redemption date, will offer a distribution rate of 3.95% per annum until 2028, after which the rate will be reset every three years. This move is expected to bolster the trust’s financial flexibility and support its strategic initiatives in the Chinese market.
The most recent analyst rating on (SG:AU8U) stock is a Hold with a S$0.74 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 is a real estate investment trust (REIT) based in Singapore, focusing on investments in retail, office, and industrial properties in China. It operates under a multicurrency debt issuance programme, facilitating its financial operations and growth strategies.
Average Trading Volume: 2,456,921
Technical Sentiment Signal: Buy
Current Market Cap: S$1.37B
For a thorough assessment of AU8U stock, go to TipRanks’ Stock Analysis page.