CapitaLand sees strong initial response to CB tender offer

Investors have already committed to tender almost S$604 million worth of convertible bonds, prompting the company to accelerate the offer and increase the size of its recent CB.

CapitaLand has several CBs maturing or becoming puttable in a relatively concentrated period between 2015 and 2018.

Anette Jönsson

September 30, 2013

CapitaLand has increased the size of the 10-year convertible bond that it issued earlier this month by a further S$50 million to a total of S$800 million ($636 million) after a strong initial response to its tender offer for three outstanding CBs.

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