CapitaLand raises S$750 million from upsized CB

The proceeds will be used mainly to finance a tender offer for three of its outstanding convertible bonds – its second such offer in just four months.

As one of the top-quality CB issuers in Asia – it is the largest real estate developer in Singapore – CapitaLand is also one of those names that all serious CB investors have to own.

Anette Jönsson

September 23, 2013

CapitaLand, a Singapore-listed real estate developer, took advantage of the positive market response to the US Federal Reserve’s decision last week to keep its bond-buying programme unchanged, selling S$750 million ($596 million) worth of convertible bonds.

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