by Amruth Sundarkumar | May 24, 2022 | Corporates, Singapore Dollar Bonds
At an extraordinary general meetings (EGM) held on Monday, shareholders of Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) approved the S$4.02bn ($3.1bn) merger deal, announced in January this year, to create Mapletree Pan Asia...
by Amruth Sundarkumar | Apr 21, 2022 | Singapore Dollar Bonds
Mapletree Commercial Trust (MCT) reported a 3.4% decline in distribution per unit (DPU) to S$0.0514 for H2 2021. Gross revenue was down 1.8% to S$255.8mn during the period. The Reit’s manager noted that higher one-off adjustments due to property tax rebates and...
by Amruth Sundarkumar | Mar 21, 2022 | Singapore Dollar Bonds
The managers of Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) are offering MNACT unitholders the entire consideration of S$1.1949 per unit, in a new cash-only scheme. This is a change as compared to its previous scheme when the S$...
by Amruth Sundarkumar | Jan 6, 2022 | Credit Ratings, Singapore Dollar Bonds
Following the merger announcement between Mapletree Commercial Trust (MCT) with Mapletree North Asia Commercial Trust (MNACT), Moody’s has placed the former’s Baa1 rating on review for downgrade and the latter’s Baa3 rating on review for upgrade....
by Amruth Sundarkumar | Jan 3, 2022 | Corporates, Singapore Dollar Bonds
Temasek’s commercial units of Mapletree are set to merge in an SGD 4.2bn ($3.1bn) deal. Mapletree Commercial Trust (MCT) plans to buy Mapletree North Asia Commercial Trust (MNACT) either through cash-and-scrip or a scrip-only consideration. The consideration...
