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The latest update is out from CapitaLand Integrated Commercial Trust ( (SG:C38U) ).
CapitaLand Integrated Commercial Trust, through its wholly owned subsidiary CMT MTN Pte. Ltd., has issued S$300 million of 2.18% fixed rate green notes due 10 March 2031 to institutional and accredited investors under its US$7 billion Euro-Medium Term Note programme. The notes, rated A- by S&P Global Ratings and guaranteed by the CICT trustee, will fund or refinance eligible green projects under the trust’s Green Finance Framework, reinforcing its access to long-term sustainable financing and supporting its environmental objectives.
The issuance helps diversify CICT’s funding sources with relatively low-cost, long-dated capital while aligning with growing investor demand for green instruments. This move is likely to strengthen the trust’s sustainability credentials and could enhance its competitive positioning among regional REITs focused on environmentally efficient commercial assets.
The most recent analyst rating on (SG:C38U) stock is a Buy with a S$2.75 price target. To see the full list of analyst forecasts on CapitaLand Integrated Commercial Trust stock, see the SG:C38U Stock Forecast page.
More about CapitaLand Integrated Commercial Trust
CapitaLand Integrated Commercial Trust is a Singapore-listed real estate investment trust focused on integrated commercial properties, including retail and office assets. Managed by CapitaLand Integrated Commercial Trust Management Limited, it accesses debt capital markets through a large Euro-Medium Term Note programme to support its portfolio and sustainability initiatives.
Average Trading Volume: 26,015,954
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$17.58B
For a thorough assessment of C38U stock, go to TipRanks’ Stock Analysis page.