Allen & Gledhill has advised a Singapore-based real estate investment trust–Mapletree Greater China Commercial Trust–on the establishment of a $1.5 billion medium-term notes program.
Mapletree Greater China, a subsidiary of Mapletree Investments Pte. Ltd., the real estate arm of Singapore sovereign wealth fund Temasek Holdings, is planning to use proceed from issues under the program for general corporate purposes.
Glenn Foo led Allen & Gledhill’s work on the deal. Paul Hastings Hong Kong partner Vivian Lam advised DBS Trustee Ltd., as trustee for the program. The two firms also worked together earlier this year on Mapletree Greater China’s $1.3 billion Singapore initial public offering and last year on a $3 billion medium-term notes program for another Mapletree subsidiary.
Allen & Overy acted for the underwriters on the Maple Tree Greater China notes program–Citigroup Global Markets Singapore Pte. Ltd. and DBS Bank Ltd.