C A M B R I D G E I N D U S T R I A L T R U S T
A N N U A L R E P O R T 2 0 1 5
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16 January 2015
Announced a DPU of 5.004 cents for FY2014.
21 January 2015
Completed a $55 million secondary issuance of MTN
Series 003. The issuance was 1.4 times subscribed and
institutional investors took 99% of the issuance.
27 February 2015
Issued and listed units at an issue price of $0.6669 per
unit under the DRP for 4Q2014. The take-up rate was
around 30%.
20 March 2015
Completed the acquisition of the remaining 40%
partnership interest in Cambridge SPV1 LLP (“Cambridge
LLP Acquisition”) from Oxley Projects Pte Ltd for a
purchase consideration of approximately $11.0 million.
22 April 2015
Announced a DPU of 1.225 cents for 1Q2015.
YEAR IN BRIEF
07 May 2015
S&P assigned “BBB-“ investment grade rating on CIT’s
MTN programme and all its outstanding MTN series.
13 May 2015
Completed the acquisition of 160A Gul Circle at a
purchase consideration of $16.2 million (excluding
upfront land premium of $2.9 million). The property
comprises a single-storey factory and a newly completed
four-storey factory.
On the same day, priced $130 million 5-year MTN at
3.95%. The issuance was more than 2 times subscribed
and institutional investors took 91% of the issuance.
28 May 2015
S&P reaffirmed CIT’s long term credit rating of BBB-/
Stable/--.
10 June 2015
Issued and listed units at an issue price of $0.6886 per
unit under the DRP for 1Q2015. The take-up rate was
around 33%.
CIT completed refinancing of $250 million Club Loan. At
the point of refinancing, unencumbered properties were
in excess of $1.1 billion, weighted average debt expiry
lengthened to 3.8 years and all-in cost of debt is stable
at 3.69% p.a.
JANUARY
2015
MARCH
FEBRUARY
JUNE
MAY
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