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CapitaCommercial Trust: Capital management exercise
Issues $225m convertible bondsHealthy balance sheet, gearing estimate to remain at 33%Maintain Hold, TP $1.23Raises $225m of convertible bonds.CCT has announced the issue of $225m 2.7% convertible bonds (CB) with an over-allotment option of $25m. The 5-yearbond will be maturing in Apr 2015 but can be redeemed by CCT Trustee from Apr 2013. The bonds ...
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ramonam Posted by ramonam User Menu
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on March 20, 2010 at Invest for Living

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