Investor Presentaiton
Capital Management
Successfully refinanced c.S$740 mil of debt in 2022, of which c.S$420 mil was issued as
sustainable financing
c.78%
4.0 years
68% 32%
Bank loans: Medium Term Notes
Total debt on fixed rates
Weighted average debt to maturity
•
S$' mil
Managing liquidity risks through diversified funding sources
40%
1,144
14%
402
18%
530
17%
11%
322
489
2023
2024
2025
Note: Above as at 31 Dec 2022
CapitaLand Ascott Trust
Bank loans
2026
2027 and after
Medium Term Notes
Key Highlights
Partnered International Finance Corporation
(IFC) to launch JPY16.5 bil (c.S$168.6 mil)
sustainability-linked bond in Nov 2022,
IFC's first in the hospitality sector
Effective borrowing cost remained low at
c.1.8%
Total debt on fixed rates increased from 76%
as at 30 Sep 2022 to 78% as at 31 Dec 2022;
weighted average debt to maturity extended
from 3.5 years to 4.0 years
Gearing increased post-completion of acquisition
in Nov 2022 but remained low at 38.0%
Interest cover improved from 4.3X as at
30 Sep 2022 to 4.4X as at 31 Dec 2022
Investor Presentation
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