CapitaMalls Asia issue 10yr Retail Bond

CapitaMalls Asia Limited is offering a 10 years maturity Bond to retail investors.

This is a Callable Step-Up Bond.

For the first 5 years (from 2012 to 2017), the interest rate is 3.8% per annum.

For the next 5 years (from 2017 to 2022), the interest rate is 4.5% per annum, if the bonds are not redeemed back by the issuer i.e. CapitaMalls Asia.

Note that from 12 Jan 2017 onwards, CapitaMalls Asia could exercise its right to redeem yearly the principal of the issued bonds, in whole or in part. So the bond may mature earlier than the expected Maturity Date (12 Jan 2022) if the issuer calls back the bond. (“How the Bonds Work” is illustrated on page 15-16 of the Prospectus”).

Interest is paid semi-annually.

Issue Date: 12 Jan 2012

Maturity Date: 12 Jan 2022

Public Offer: 4 Jan – 9 Jan 2012 via ATM electronic application, min $2,000.

Direct Placement:  3 Jan – 9 Jan 2012 to DBS Bank, min $50,000.

CPF and SRS funds are not allowed for subscription.