ANNOUNCEMENT
Mapletree Logistics Trust Management Ltd., as manager (the “Manager”) of Mapletree Logistics
Trust (“MLT”), $MAPLETREE LOGISTICS TRUST(M44U.SI)$ wishes to announce that MapletreeLog Treasury Company Pte. Ltd. (the “Issuer”), a wholly-owned
subsidiary of MLT, has today executed a pricing supplement in relation to the issue of SGD 50 million 3.512%
Notes due 2029 (the “Notes”) under its S$3 billion Euro Medium Term Securities Programme.
The Notes are unsecured and expected to be rated BBB+ by Fitch Ratings Ltd. The payment obligations of the
Issuer under the Notes will be unconditionally and irrevocably guaranteed by HSBC Institutional Trust Services
(Singapore) Limited (in its capacity as trustee of MLT). The Notes will not be listed.
DBS Bank Ltd. has been appointed as the sole manager for the issue of the Notes.
The proceeds arising from the issue of the Notes will be applied towards general corporate purposes including
refinancing the existing borrowings of MLT.
For purpose of disclosure under Rule 704(31) of the Listing Manual of the Singapore Exchange Securities Trading
Limited (the “SGX-ST”), the Notes contain a condition where a default may occur if the Manager is removed as a
manager of MLT pursuant to the terms of the trust deed constituting MLT (the “Trust Deed”), and the replacement
or substitute manager is not appointed in accordance with the terms of the Trust Deed (the “Notes Event”).
For purpose of disclosure under Rule 704(31) of the Listing Manual of the SGX-ST, the Manager also wishes to
update that two of MLT’s subsidiaries have entered into a loan agreement which contains certain conditions
(“Conditions”) similar to those found in some of the existing loan facilities and notes issued (collectively the “Debt
Facilities”) by MLT1 and/or its subsidiaries2 . These Conditions require:
(1) The Manager to remain as the manager of MLT; and/or
(2) The Manager to remain a subsidiary, whether directly or indirectly, wholly-owned or majorityowned, of Mapletree Investments Pte Ltd, the sponsor of MLT.
In the event that any of the Conditions is not met, the lender(s) and/or the note-holder(s) (as the case may be)
may cancel the available commitment and/or require prepayment (as the case may be) under the Debt Facilities,
whereupon MLT and/or its subsidiaries shall make such prepayment (and pay such other amounts in accordance
with the respective terms of the Debt Facilities) within a stipulated period. This may also in turn constitute a Notes
Event under the Notes.
The aggregate amount of the outstanding Notes and Debt Facilities that may be affected by the Notes Event or a
breach of the Conditions amounts to the Singapore Dollar equivalent of approximately S$5,397 million, of which
S$4,449 million is drawn and outstanding.
As at the date of this announcement, none of the conditions described above has been breached.
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