SEO Version
was swapped into S$62.0 million
at a fixed rate of 3.148% per annum.
In addition, S$350.0 million
seven-year retail bonds were
issued at 3.08%.
WINNING ACCOLADES
We are honoured that we have
been recognised during the
year for our investor relations,
corporate governance and
green efforts.
In November 2013, CapitaMall
Trust was the winner of both
the Singapore Corporate
Governance Award (REITs &
Business Trusts category) and
Most Transparent Company
Award (REITs & Business Trusts
category) at the Securities
Investors Association (Singapore)
(SIAS) Investors’ Choice Awards
2013. Capping the year, we
were awarded a Certificate
of Excellence at the Investor
Relations (IR) Magazine South
East Asia Awards 2013 in
December 2013.
Taking responsibility for
the environment and for
our society is a core
component of our strategy
for sustainable development
and operations. We are
pleased that we continued
to make improvements in
this aspect. In 2013, JCube
and Tampines Mall were awarded
the BCA Universal Design Mark
Gold
Plus
award and the BCA Green
Mark Gold award respectively from
the Building and Construction
Authority (BCA). Westgate
also obtained both the Universal
Design Mark Gold
Plus
(Design)
award and the BCA Green Mark
Platinum award, the highest
accolade for green building
square feet, similar to the retail
area of Raffles City Singapore.
We are also happy to report
that a consortium has exercised
its options to purchase
Westgate Tower for a total
consideration of approximately
S$579.4 million (CMT’s 30.00%
share is S$173.8 million).
Westgate Tower is currently
under development, and the
construction is expected to
be completed by the end
of 2014. The sale is expected
to be completed following
the issuance of the strata title
for Westgate Tower.
ENHANCING FINANCIAL
FLEXIBILITY
We fully repaid S$300.0 million
in retail bonds in February 2013
and redeemed S$98.25 million
in convertible bonds due in
July 2013. Following the
redemption and cancellation
of the convertible bonds due
in 2013, the legal mortgage
over The Atrium@Orchard was
released and all 14 properties
held directly by CMT are now
unencumbered. As such, 81.8%
of CMT’s borrowings were
unsecured as at 31 December
2013, compared to 80.7% as
at 31 December 2012.
In 2013, we issued ¥10.0 billion
seven-year fixed rate medium
term notes which was swapped
into S$126.0 million at a fixed
rate of 3.119% per annum and
S$100.0 million seven-year
fixed rate medium term notes
at 3.15% per annum.
In February 2014, we issued
¥5.0 billion seven-year floating
rate medium term notes which
81.8
%
Awards
All 14 properties held
directly by CMT are now
unencumbered.
Unsecured
Borrowings
Winner of Singapore
Corporate Governance
Award (REITs & Business
Trusts category) and
Most Transparent
Company Award (REITs &
Business Trusts category)
at the SIAS Investors’
Choice Awards 2013.
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