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CapitaCommercial Trust: No refinancing risk, implies convertible bond more for acquisitions
CCT announced today (17 Mar) the issue of S$225mn of Convertible Bond (CB) due in 2015, with an over-allotment option of S$25mn. This marks CCT’s second CB issue following the S$370mn, 2.0% coupon in April 2008; the conversion premium on the issue was 23.9%. Pricing details of today’s CB was not available at the time ...
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