The bonds will be issued at an issue price of 100% of their principal amount and will carry a coupon of 3.938% per annum (p.a.), or 87.3 basis points (bps) over the seven-year Singapore Overnight Rate Average (SORA).

Interest payments will be made semi-annually in arrear on June 19 and Dec 19 of each year and first paid on Dec 19.

The proceeds will finance or refinance the eligible green projects that have been undertaken by CICT and its subsidiaries in accordance with CICT’s green finance framework.

Units in CICT closed 2 cents lower or 1.02% down at $1.95 on June 8.

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