(Bloomberg) -- CapitaLand Ltd., Southeast Asia's
biggest developer by sales, plans to raise S$1 billion ($655
million) in Singapore's biggest convertible bond sale, according
to a term sheet sent to investors.
The developer plans to let investors convert the 15-year,
2.95 percent securities into its shares at between S$13.5642 and
S$14.0486, a premium of as much as 74 percent from the volume-
weighted average price today, according to the document. It will
be the highest conversion premium for an equity-linked debt sale
in Asia and the longest maturity, according to Bloomberg data.
Read more at Bloomberg Bonds News
biggest developer by sales, plans to raise S$1 billion ($655
million) in Singapore's biggest convertible bond sale, according
to a term sheet sent to investors.
The developer plans to let investors convert the 15-year,
2.95 percent securities into its shares at between S$13.5642 and
S$14.0486, a premium of as much as 74 percent from the volume-
weighted average price today, according to the document. It will
be the highest conversion premium for an equity-linked debt sale
in Asia and the longest maturity, according to Bloomberg data.
Read more at Bloomberg Bonds News
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