Bloomberg.com, 31 Jul 2009, Andrea Tan and Katrina Nicholas
July 31 (Bloomberg) -- CapitaLand Ltd., Southeast Asia’s biggest property developer, sold S$1.1 billion ($762 million) of seven-year convertible bonds to refinance maturing debt and help fund new investments.
Sale manager Credit Suisse Group AG may increase the sale of 2.875 percent notes by a further S$100 million, CapitaLand said in a Singapore stock market filing today. The securities will convert to stock at a price of S$4.79, the filing shows.
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Related:
Singapore's Capitaland raises S$1.1 bln from bonds - Reuters
CapitaLand extends debt maturity with S$1.1 billion CB - FinanceAsia.com
