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CICT&rsquo s 3.938% senior green bond over two times subscribed
CAPITALAND Integrated Commercial Trust&rsquo s (CICT) seven-year senior green bond was over two times subscribed, said book runner DBS on Thursday (Jun 8).
DBS said it had received interest from 53 accounts which booked over S$800 million, including S$132 million from JLM International. The issue size was S$400 million.
The notes carry a coupon rate of 3.938 per cent, or 87.3 basis points over the Singapore overnight rate average.
They will be issued at par and will pay out semi-annually in arrear on Jun 19 and Dec 19 each year. The first coupon will be paid out on Dec 19 this year.
The bond was three-quarters subscribed by funds or institutions, while the remainder was split almost equally between the public sector and banks or corporations.
About 93 per cent of investors were from Singapore.
Proceeds raised will be used to finance or refinance the eligible green projects undertaken by CICT and its subsidiaries under the trust&rsquo s green finance framework. DBS is the green structuring adviser for the notes.
DBS expects Moody&rsquo s to issue an A3 rating on the bonds, which are guaranteed by HSBC Institutional Trust Services (Singapore) &ndash the trustee of CICT.
The notes mature on Jun 19, 2030, and may be redeemed at the option of the issuer at par, in whole but not in part.
The trio of local banks &ndash DBS, HSBC, OCBC &ndash were the joint lead managers and book runners.
Good point, save gun powder in case going under 1.85 will buy more
stonkmaster ( Date: 08-Jun-2023 17:04) Posted:
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Wait 1.8 scoop better
vicloo ( Date: 08-Jun-2023 15:42) Posted:
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Back in the game, scooped some CICT up at 1.94 👍 👍
congratulations for sellers who has made profit.
bye. seller may have left train too early for this round.
interest rate increased cycle hit or near top. reits are main beneficiary.
cict benefits from covid-19 open up. work force return to downtown.
downtown mall rental reversion going forward should be up.
completed aei space in raffles city should have better occupancy by current quarter.
cq@clarke quay aei completing in 3q. from 4q that should also contribute more.
office space may face pressure of us tech firm reducing size. but then chinese tech firm are coming here.
while us tech firm have reducing advertisement revenue the most recent report from tencent shows increased in advetising revenue by 14.6%. so while some not doing well others are growing. that is market for landlord to go after.
bye. seller may have left train too early for this round.
interest rate increased cycle hit or near top. reits are main beneficiary.
cict benefits from covid-19 open up. work force return to downtown.
downtown mall rental reversion going forward should be up.
completed aei space in raffles city should have better occupancy by current quarter.
cq@clarke quay aei completing in 3q. from 4q that should also contribute more.
office space may face pressure of us tech firm reducing size. but then chinese tech firm are coming here.
while us tech firm have reducing advertisement revenue the most recent report from tencent shows increased in advetising revenue by 14.6%. so while some not doing well others are growing. that is market for landlord to go after.
good idea :))
vicloo ( Date: 04-Apr-2023 19:47) Posted:
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Took some profit at 2.03, will buy again under 2 😉 👍 👍 👍
rledchg11 ( Date: 04-Apr-2023 14:32) Posted:
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:)) . finally. not red. :))
but... seems like the slow down of Mr Fed rate hikes.. maybe ... not yet slowing down... after the banks... now not gone out of control... maybe.. the Mr Ped may continue to raise..
also some indicators of PCE... etc.. are showing sign of a mix...
some say, some are moving into Reits....
my guess is peoplare are moving in .. to capture some Q1 DPU. my tikam tikam ... :))
but... seems like the slow down of Mr Fed rate hikes.. maybe ... not yet slowing down... after the banks... now not gone out of control... maybe.. the Mr Ped may continue to raise..
also some indicators of PCE... etc.. are showing sign of a mix...
some say, some are moving into Reits....
my guess is peoplare are moving in .. to capture some Q1 DPU. my tikam tikam ... :))
vicloo ( Date: 04-Apr-2023 10:40) Posted:
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Breaking 2.02 👍 👍 👍
rledchg11 ( Date: 13-Feb-2023 19:17) Posted:
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I think partially is just profit taking exercise.
des_khor ( Date: 02-Mar-2023 13:19) Posted:
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Sold JCube will result lower future DPU ?
https://www.tradingview.com/x/saGz9ILl/
GSS for CICT, under 1.9... anyone collecting? Just scooped more up at 1.9 😁
S-Reits take a hit post-budget, impact on developers mixed
SINGAPORE-LISTED property-related counters traded in a sea of red on Wednesday (Feb 15), as investors processed the latest Budget moves, including a higher Buyer&rsquo s Stamp Duty (BSD) and more housing grants.
Commercial real estate investment trusts (Reits), in particular, took a beating, with declines of as much as 2 per cent. Property developers were also trading lower, while property agents traded mixed.
As at 2.46 pm, CapitaLand Integrated Commercial Trust : C38U -2.04% was down 1.5 per cent at S$1.93 CapitaLand Ascendas Reit : A17U -1.08% lost 1.1 per cent to S$2.75. Frasers Logistics & Commercial Trust : BUOU -0.8% was trading 0.8 per cent lower at S$1.24.
Mapletree Logistics Trust : M44U -1.2% fell 1.8 per cent to S$1.63, and Mapletree Pan Asia Commercial Trust : N2IU -2.89% dropped 1.7 per cent to S$1.70.
Office play Suntec Reit : T82U 0% declined 0.7 per cent to S$1.37, and Keppel Reit : K71U -0.55% was down 1.6 per cent at S$0.90.
Property developer City Developments Limited : C09 -3.2% fell as much as 3.4 per cent shortly after the market opened. By 2.46 pm, the counter was down 3.1 per cent at S$7.88. The same downtrend was observed for UOL : U14 -1.3%, down 1 per cent to S$6.84, and GuocoLand : F17 -2.45%, which traded 1.8 per cent lower at S$1.60.
Property agency PropNex : OYY -2.4% lost 1.2 per cent to S$1.65, while Apac Realty : CLN -0.81% rose 0.8 per cent to S$0.625. Observers believe the additional housing grants announced during Budget should help boost demand for resale flats, which should be mildly positive for property agencies.
In his Budget speech on Tuesday, Finance Minister Lawrence Wong said the government will introduce a higher marginal BSD for higher-value residential and non-residential properties. The change takes effect on Feb 15.
For non-residential properties, the portion of the property&rsquo s value in excess of S$1 million and up to S$1.5 million will be taxed at 4 per cent, while that in excess of S$1.5 million will be taxed at 5 per cent &ndash up from the current tax rate of 3 per cent.
The changes are expected to affect 60 per cent of non-residential properties, and may hit harder in the en bloc market, where higher duties could widen the price expectation gap between buyers and sellers. Big-ticket billion-dollar deals could also be affected.
GSS for CICT reit today.... Any picking up durians.... Just bought some at 1.93 👍 👍 👍
my average is at 2.02 :))
piang.
lets see what Mr Fed say in coming meeting.
piang.
lets see what Mr Fed say in coming meeting.
wunderland ( Date: 13-Feb-2023 18:12) Posted:
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Just average down to 1.99... It will come back to above 2 in the matter of time weeks to 1-2 mths 😉 👍
wunderland ( Date: 13-Feb-2023 18:12) Posted:
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Divest JCube will lower DPU ?. Good business mostly benefit tenants not landlords as rental are fixed ! Therefore , I guess this is the reason to drop ?
I am feeling dumb to add before CD, when I saw the drop from 2.14 to 2.08. The drop from 2.15 to to 1.94 is such short duration esp after XD. Feeling so stuck because I bought so high (previous holdings). I still wonder why the drop is so drastic. Is the fed rate hike news that bad? I thought Fed has been flipflopping about inflation/disinflation, and target rate above 5%, but we are aware of these months ago? It feels like to more Fed comes out to talk, the worst the market sentiment even though there was no real material change they made. But the reopening is real, beneficial to most businesses, esp retail, F& B, tourism, I imagine this is a much better real effective that Asia stands to benefit. Even this JCube thingy, is it bad news at all? Sucks... not able to see any sensible reason for this counter to fall so much despite seemingly better market outlook?
Price drop due to JCube?