Singapore's CapitaLand launches $520 mln convertible bond-terms
HONG KONG May 20 (Reuters) - CapitaLand Ltd, the biggest property developer in Southeast Asia, plans to raise up to $520 million in convertible bonds due 2020, according to a term sheet of the deal seen by Reuters on Monday.
The bonds were launched with a coupon of 1.375 percent to 1.875 percent and an initial conversion price of S$4.901 to S$5.0895, according to the term sheet. The offering would total up to S$650 million ($520 million), with an option to grow by an additional S$150 million.
Bank of America Merrill Lynch and Credit Suisse were hired as joint bookrunners for the offering, the terms showed.
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.