Mapletree Logistics Trust unit launches $74.5 million dim sum bond sale, term sheet shows (updated)

Mapletree Logistics Trust

08/09/2026 11:35

Updates with launch size in headline, paragraph 1 and bullet 1-2
By Yantoultra Ngui
HONG KONG, Sept 8 (Reuters) - MapletreeLog Treasury Company, a unit linked to Mapletree Logistics Trust MAPL.SI, has launched a 500 million yuan  ($74.5 million) three-year offshore yuan or dim sum bond sale at a yield of 2.10%, according to an updated term sheet on Tuesday.

Here are more details:
MapletreeLog launched the senior unsecured fixed-rate notes  at 2.10%, tighter than initial price guidance at about 2.40%.
Order books were over 1.25 billion yuan.
The notes are expected to be rated BBB+ by Fitch. They will be issued under the company's S$3 billion ($2.37 billion) Euro Medium Term Securities Programme.
The notes are expected to mature on September 15, 2029.
Proceeds will be used for general corporate and working capital purposes, including refinancing existing borrowings of Mapletree Logistics Trust.
($1 = 1.2646 Singapore dollars)
($1 = 6.7105 Chinese yuan renminbi)

 (Reporting by Yantoultra Ngui. Editing by Priyanka G and Mark Potter)
 ((Yantoultra.Ngui@thomsonreuters.com;))