SGX Lists CapitaMalls Asia 10-year Retail Bonds

Singapore Exchange (SGX) Friday welcomed the listing of CapitaMalls Asia’s 10-year bonds on the Mainboard under the stock code ‘PW3Z’.

CapitaMalls Asia, one of the largest listed shopping mall developers, owners and managers in Asia by total property value of assets and geographic reach, listed S$400 million of 10-year callable bonds.

Ng Kok Siong, Chief Financial Officer of CapitaMalls Asia, said: “We would like to thank SGX for providing a sound trading platform for our bondholders to trade their bonds as and when required. In addition, the company would like to take this opportunity to register our sincere appreciation to the public for their strong endorsement of our second series of bonds. Despite the upsize to S$400 million, we regret that we were unable to fulfil all the demand. We will definitely continue to look into offering retail investors opportunities to invest in our future series of bonds.”

“CapitaMalls Asia’s return to the retail bond market underscores the market’s growing attractiveness amid sustained investor interest in fixed income products. The addition of a 10-year bond to the retail bond market provides investors easy access to a longer-term investment with price transparency,” Tng Kwee Lian, Head of Fixed Income at SGX, said.

CapitaMalls Asia Friday closed on the SGX at S$1.265, up from its previous close of S$1.215.