POST-TRANSACTION PAYMENT ENABLEDBOND COMPLEXITY : HIGHISIN: SGXF55441459
MINTSP 3.250% Perpetual Corp (SGD)
MAPLETREE INDUSTRIAL TRUST TREASURY CO PTE LTD
Indicative Bid Price
99.850
Bid Yield to Worst
3.281%
Bid Yield to Call
3.284%
Min. Investment (Nominal)
250000
Indicative Ask Price
100.067
Ask Yield to Worst
3.234%
Ask Yield to Call
3.234%
Next Call Date
03 Mar 2031
Credit Rating (Bond)
BBB-
Investment Grade
Seniority
Subordinated
Investor Profile
Stable Income Seeker
Chart
Created with Highcharts 9.3.2Chart context menuBid Yield to WorstAsk Yield to WorstBid Yield to CallAsk Yield to Call1. Jun3. Jun5. Jun7. Jun9. Jun11. Jun13. Jun15. Jun17. Jun19. Jun21. Jun23. Jun25. Jun27. Jun29. Jun3.223.243.263.283.33.32FSM Global
Bond Information
Mapletree Industrial Trust is a Singapore-focused real estate investment trust with a large and diversified portfolio of industrial properties. The Trust invests in a diverse portfolio of industrial properties with the primary objective of achieving an attractive level of return from rental income and for long-term capital growth.
Bond Issuer
Mapletree Industrial Trust Treasury Co Pte Ltd
Guarantor
Mapletree Industrial Trust
Announcement Date
24 Feb 2026
Issue Date
03 Mar 2026
Maturity Date / Next Call Date
Perpetual / 03 Mar 2031
Years to Maturity / Next Call
Perpetual / 4.676
Issue/Reoffer Price
100.000
Issue/Reoffer Yield
3.250
Coupon Type
Variable
Annual Coupon Rate (%)
3.25
Annual Coupon Frequency
Semi Annually
Seniority
Subordinated
Exchange Listed
SGX
Reference Rate
Reset Date: 4 March 2031 and every 5 years thereafter
Reset Rate: SGD 5Y SORA + Initial Spread (1.596%)
ISIN
SGXF55441459
CUSIP
DF8674908
Bond Currency
SGD
Total Issue Size
SGD 300,000,000
Minimum Investment Quantity (Nominal)
SGD 250,000
Incremental Quantity (Nominal)
SGD 250,000
Bond Registration
Wholesale
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Real Estate Investment Trusts
Issuer Credit Rating (S&P/ Fitch)
***/BBB+
Bond Credit Rating (S&P/ Fitch)
***/BBB-
Shariah Compliant
No
W-8BEN Declaration needed 
No
Bond Feature(s)
Non-Cumulative Deferral

If Non-Cumulative Deferral is specified as being applicable in the applicable Pricing Supplement, any distribution deferred pursuant to this Condition 4.5 (Distribution Deferral) is non-cumulative and will not accrue distribution. The Issuer is not under any obligation to pay that or any other distributions that have not been paid in whole or in part.

Dividend Stopper

If Dividend Stopper is specified as being applicable in the applicable Pricing Supplement and on any Distribution Payment Date, payment of all distribution payments scheduled to be made on such date is not made in full by reason of this Condition 4.5 (Distribution Deferral), the Issuer and (where the Issuer is MIT TCo) the Guarantor shall not:

(A) declare or pay any dividends, distributions or make any other payment on, and will procure that no dividend, distribution or other payment is made on:

(1) if this Perpetual Security is a Senior Perpetual Security, any of its Junior Obligations; or

(2) if this Perpetual Security is a Subordinated Perpetual Security, any of its Junior Obligations or Parity Obligations;

(B) redeem, reduce, cancel, buy-back or acquire for any consideration:

(1) if this Perpetual Security is a Senior Perpetual Security, any of its Junior Obligations; or

(2) if this Perpetual Security is a Subordinated Perpetual Security, any of its Junior Obligations or Parity Obligations, in each case, other than:

(i) except in relation to the Parity Obligations on a pro-rata basis; or

(ii) as a result of the exchange or conversion of Parity Obligations for Junior Obligations,

unless and until the Issuer or (where the Issuer is MIT TCo) the Guarantor (as the case may be) (aa) (if Cumulative Deferral is specified as being applicable in the applicable Pricing Supplement) has satisfied in full all outstanding Arrears of Distribution; (bb) (if Non-Cumulative Deferral is specified as being applicable in the applicable Pricing Supplement) a redemption of all the outstanding Perpetual Securities in accordance with Condition 5 (Redemption and Purchase) has occurred, the next scheduled distribution has been paid in full, or an Optional Distribution equal to the amount of a distribution payable with respect to the most recent Distribution Payment Date that was unpaid in full or in part, has been paid in full; or (cc) is permitted to do so by an Extraordinary Resolution (as defined in the Trust Deed) of the Securityholders, and/or as otherwise specified in the applicable Pricing Supplement.

Optional Distribution

If Optional Distribution is specified as being applicable in the applicable Pricing Supplement, the Issuer may, at its sole discretion, and at any time, elect to pay an optional amount equal to the amount of distribution which is unpaid in whole or in part (an Optional Distribution) at any time by giving notice of such election to the Securityholders (in accordance with Condition 13 (Notices)) and the Trustee and the Issuing and Paying Agent not more than 20 nor less than 10 Business Days (or such other notice period as may be specified in the applicable Pricing Supplement) prior to the relevant payment date specified in such notice (which notice is irrevocable and shall oblige the Issuer to pay the relevant Optional Distribution on the payment date specified in such notice).

Any partial payment of outstanding Optional Distribution by the Issuer shall be shared by the Securityholders or Coupon holders of all outstanding Perpetual Securities and the Coupons related to them on a pro-rata basis. Further provisions relating to Condition 4.5(d)(2) (Non-Cumulative Deferral) and Condition 4.5(d)(3) (Optional Distribution)
If Redemption at the Option of the Issuer is specified as being applicable in the applicable Pricing Supplement, the Issuer may, on giving not less than 20 nor more than 60 days’ irrevocable notice to the Trustee and the Issuing and Paying Agent and in accordance with Condition 13 (Notices), the Securityholders (or such other notice period as may be specified in the applicable Pricing Supplement) redeem all, or if so provided, some of the Perpetual Securities on any Optional Redemption Date at the Early Redemption Amount as specified in the applicable Pricing Supplement, together (if appropriate) with distribution accrued to but excluding the relevant Optional Redemption Date (including any Arrears of Distribution and any Additional Distribution Amount, if applicable). Any such redemption must be of a nominal amount not less than the Minimum Redemption Amount and not more than the Maximum Redemption Amount, in each case as may be specified in the applicable Pricing Supplement.

4 March 2031 & on every distribution payment date thereafter at par
Redemption Upon a Ratings Event:

If Redemption Upon a Ratings Event is specified as being applicable in the applicable Pricing Supplement, the Perpetual Securities may be redeemed at the option of the Issuer in whole, but not in part, at any time (if this Perpetual Security is not a Floating Rate Perpetual Security, Index Linked Distribution Perpetual Security or Dual Currency Distribution Perpetual Security) or on any Distribution Payment Date (if this Perpetual Security is a Floating Rate Perpetual Security, Index Linked Distribution Perpetual Security or Dual Currency Distribution Perpetual Security), on giving not less than 30 nor more than 60 days’ notice to the Trustee and the Issuing and Paying Agent and in accordance with Condition 13 (Notices), the Securityholders (which notice shall be irrevocable), at their Early Redemption Amount as specified in the applicable Pricing Supplement, together (if appropriate) with distribution accrued to (but excluding) the date fixed for redemption (including any Arrears of Distribution and any Additional Distribution Amount, if applicable), if, an amendment, clarification or change has occurred or will occur in the equity credit criteria, guidelines or methodology of any Rating Agency requested from time to time by the Issuer to grant an equity classification to the Perpetual Securities and in each case, any of their respective successors to the rating business thereof, which amendment, clarification or change results in a lower equity credit for the Perpetual Securities than the equity credit assigned on the Issue Date or, if equity credit is not assigned on the Issue Date, at the date when equity credit is assigned for the first time (Ratings Event).

Redemption upon a Regulatory Event:

If Redemption upon a Regulatory Event is specified as being applicable in the applicable Pricing Supplement, the Perpetual Securities may be redeemed at the option of the Issuer in whole, but not in part, on any Distribution Payment Date or, if so specified hereon, at any time (if this Perpetual Security is not a Floating Rate Perpetual Security, Index Linked Distribution Perpetual Security or Dual Currency Distribution Perpetual Security) or on any Distribution Payment Date (if this Perpetual Security is a Floating Rate Perpetual Security, Index Linked Distribution Perpetual Security or Dual Currency Distribution Perpetual Security), in each case on giving not less than 30 nor more than 60 days’ notice to the Securityholders (which notice shall be irrevocable), at their Early Redemption Amount as specified in the applicable Pricing Supplement, together (if appropriate) with distribution accrued to (but excluding) the date fixed for redemption (including any Arrears of Distribution and any Additional Distribution Amount, if applicable), if, as a result of any change in, or amendment to, the Property Funds Appendix, or any change in the application or official interpretation of the Property Funds Appendix, the Perpetual Securities count or, in the Distribution Payment Period immediately following that Distribution Payment Date, will count towards the Aggregate Leverage under the Property Funds Appendix.
Price History
(Daily prices for the last 3 months), if you wish to view more than 3 months price history you may export the file
DATE
BID PRICE
ASK PRICE
ASK YIELD (CALL)
ASK YIELD (WORST)
29 Jun 202699.850100.0673.2343.234
28 Jun 202699.850100.0673.2343.234
25 Jun 202699.850100.0673.2343.234
24 Jun 202699.783100.0173.2453.245
23 Jun 202699.800100.0333.2423.242
22 Jun 202699.817100.0503.2383.238
21 Jun 202699.817100.0503.2383.238
18 Jun 202699.817100.0503.2383.238
17 Jun 202699.817100.0503.2383.238
16 Jun 202699.817100.0503.2383.238
Total of 65 entries
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FSM Global strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.
Credit Rating

There are no credit rating changes for this bond for the past 3 years.

Related Documents
pdfIcon
Pricing Supplement
Issue of S$300,000,000 3.25 per cent. Fixed Rate Perpetual Securities. Pricing Supplement dated 25 February 2026.
pdfIcon
Offering Circular
S$2,000,000,000 Euro Medium Term Securities Programme. Offering Circular dated 15 January 2025.
pdfIcon
Preliminary Pricing Supplement
Issue of S$[] [] per cent. Fixed Rate Perpetual Securities. Preliminary Pricing Supplement dated 25 February 2026.
Related Bonds
BOND NAME

ISSUER

MATURITY DATE / NEXT CALL DATE
ASK PRICE
ASK YTM / YTW
BOND CREDIT RATING (S&P/FITCH)
action
MINTSP 3.580% 26Mar2029 Corp (SGD)

Mapletree Industrial Trust Treasury Co Pte Ltd

 25 Mar 2029 104.346 1.938% p.a. ***/BBB+
TRANSACT
Total of 1 entries
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FSM's Fees
For more information, please refer to the Pricing Structure
For each Buy & Sell Order (Retail^, Wholesale, Bond Express)
Processing Fee
0.35% / Min. SGD 10*
Platform Fee
0.05% per quarter
Other Charges
Goods & Services Tax (GST)
9% (GST is applicable to Singaporean residents on FSM’s fee)
Order Processing Time
Buy Wholesale Bonds / SGS Bonds / Retail (All payment type)
Generally T+2 business days upon payment clearance
Sell Wholesale Bonds / SGS Bonds / Retail Bonds
Generally T+2 business days (Redemption proceeds will be credited on next day)
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Remark

  1. *Processing fee is subjected to a minimum of SGD 10 (or in its equivalent currency).
  2. ^ For the purchase of the Retail Bonds, FSM Global will be absorbing SGX related Charges, till further notice.
  3. T = Transaction Date
    The Order processing time refers to the order completion and reflected in your account.
    ^The Purchase date will be based on T date

Platform Charge
  1. For the purpose of benefiting from lower rates based on higher investment holding tiers, the effective platform fee rate is based on the total combined holdings of all FSM accounts under main account holder (including beneficiary accounts), while Stock / ETF / Cash Account holdings are excluded from the combined holdings amount.
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Note
  1. All fees and commission quoted are exclusive of Goods and Services Tax (GST).
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Potential Income Explained
EDIT
Est. Payable Amount
SGD 254,037.35
Years to Call
4 years 7+ months
Est. Total Income
SGD 40,625.00
Yield to Call
2.927%
Indicative Cash Flow
Nominal Value
SGD 250,000.00
  • 2031
    Mar
    Coupon
    SGD 4,062.50
    Early Redemption
    SGD 250,000.00
  • 2030
    Sep
    Coupon
    SGD 4,062.50
  • Mar
    Coupon
    SGD 4,062.50
  • 2029
    Sep
    Coupon
    SGD 4,062.50
  • Mar
    Coupon
    SGD 4,062.50
Disclaimer: Cash flow calculations are computed based on current coupon rate till next possible call or maturity date. Figures reflected are indicative and subjected to changes in case of any corporate actions.
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