{"id":3647,"date":"2012-07-19T09:36:00","date_gmt":"2012-07-19T09:36:00","guid":{"rendered":"urn:uuid:612939cd-34a9-4c0f-b7dc-d8e369abafe8"},"modified":"2025-02-12T09:53:38","modified_gmt":"2025-02-12T09:53:38","slug":"mapletree-boosts-balance-sheet-for-further-growth","status":"publish","type":"newsroom","link":"https:\/\/www.mapletree.com.sg\/cn\/newsroom\/mapletree-boosts-balance-sheet-for-further-growth\/","title":{"rendered":"Mapletree Boosts Balance Sheet for Further Growth"},"content":{"rendered":"\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\">\n<p><strong>Singapore<\/strong>&nbsp;\u2013 Mapletree Investments Pte Ltd (\u201cMapletree\u201d or \u201cthe Group\u201d), a leading Asia-focused real estate development, investment and capital management company, wishes to announce that its wholly-owned subsidiary, Mapletree Treasury Services Limited (the \u201cIssuer\u201d), has priced S$600 million principal amount of 5-1\/8% perpetual securities (the \u201cSecurities\u201d), to be issued pursuant to its US$3 billion Euro Medium Term Note Programme (\u201cEMTN Programme\u201d)<sup>1<\/sup>. The Securities will be unconditionally and irrevocably guaranteed by Mapletree.<\/p>\n\n\n\n<p>The offering of the Securities was very well received by investors. The order book was over S$4 billion, or over 6 times covered, with participation from more than 100 investors.<\/p>\n\n\n\n<p>The Securities, which will be issued in denominations of S$250,000, will be perpetual, callable at the Issuer\u2019s option on 25 July 2017 or thereafter, and will confer the right to receive distribution payments at a rate of 5-1\/8% per annum, with a distribution rate reset on 25 July 2022. The distribution rate will be subject to a step-up of 1% per annum on 25 July 2022 and followed by a distribution reset every 10 years thereafter. The distribution will be payable semi-annually in arrears on a discretionary basis and will be cumulative in accordance with the terms and conditions of the Securities.<\/p>\n\n\n\n<p>Proceeds from the issue of the Securities will be used by the Group for general corporate funding purposes.<\/p>\n\n\n\n<p>Mr Wong Mun Hoong, Group Chief Financial Officer, said \u201cWe are very pleased with the strong response from investors. The successful offering attests to Mapletree\u2019s strong brand name, excellent financial track record and proven strategies to drive growth. The issue will further strengthen Mapletree\u2019s balance sheet by reducing its gearing ratio and providing additional source of financing for future growth.\u201d<\/p>\n\n\n\n<p>Citigroup Global Markets Singapore Pte. Ltd., DBS Bank Ltd. and The Hongkong and Shanghai Banking Corporation Limited are Lead Arrangers and Dealers for the transaction.<\/p>\n\n\n\n<p>Application will be made to the Singapore Exchange Securities Trading Limited (the \u201cSGX-ST\u201d) for permission to deal in, and for a quotation of, the Securities. Admission to the Official List of the SGX-ST and quotation of the Securities on the SGX-ST are not to be taken as an indication of the merits of the Issuer, Mapletree, the EMTN Programme or the Securities.<\/p>\n\n\n\n<p><sup>1&nbsp;<\/sup>Refer to announcement dated 14 June 2012 on the establishment of the EMTN Programme<\/p>\n<\/div>\n","protected":false},"featured_media":189,"template":"","meta":{"_acf_changed":false,"_trash_the_other_posts":false,"ep_exclude_from_search":false,"editor_notices":[]},"tags":[636,114],"newsroom-category":[112,1135],"csr-category":[],"class_list":["post-3647","newsroom","type-newsroom","status-publish","has-post-thumbnail","hentry","tag-636","tag-news"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mapletree Boosts Balance Sheet for Further Growth - MIPL Chinese<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mapletree-stag.altis.cloud\/cn\/newsroom\/mapletree-boosts-balance-sheet-for-further-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mapletree Boosts Balance Sheet for Further Growth - MIPL Chinese\" \/>\n<meta property=\"og:description\" content=\"Singapore&nbsp;\u2013 Mapletree Investments Pte Ltd (\u201cMapletree\u201d or \u201cthe Group\u201d), a leading Asia-focused real estate development, investment and capital management company, wishes to announce that its wholly-owned subsidiary, Mapletree Treasury Services Limited (the \u201cIssuer\u201d), has priced S$600 million principal amount of 5-1\/8% perpetual securities (the \u201cSecurities\u201d), to be issued pursuant to its US$3 billion Euro Medium [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mapletree-stag.altis.cloud\/cn\/newsroom\/mapletree-boosts-balance-sheet-for-further-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"MIPL Chinese\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-12T09:53:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mapletree-stag.altis.cloud\/tachyon\/sites\/10\/2024\/12\/media_all.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"979\" \/>\n\t<meta property=\"og:image:height\" content=\"183\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mapletree-stag.altis.cloud\/cn\/newsroom\/mapletree-boosts-balance-sheet-for-further-growth\/\",\"url\":\"https:\/\/mapletree-stag.altis.cloud\/cn\/newsroom\/mapletree-boosts-balance-sheet-for-further-growth\/\",\"name\":\"Mapletree Boosts Balance Sheet for Further Growth - 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