CapitaMall closes fourth CMBS

Capitamall Trust (CMT), Singapore's first listed real estate investment trust (REIT), closed its fourth commercial mortgage backed securitization (CMBS) on Friday (October 21) via sole lead manager HSBC. The S$433 million ($256 million) seven-year deal was marketed to investors at 24bp to 25bp over Libor. The offering priced at the tight end of guidance at 24bp over.