Singapore's most active issuer, property developer CapitaLand, has tapped the market for the third time this year, establishing a new benchmark for cross-border deals from the Lion City in the process. Having put together all CapitaLand's previous ABS deals, HypoVereinsbank was again appointed lead manager for the latest $155.6 million offering.

The transaction is backed by sales of units in two yet-to-be completed residential apartment blocks - Botanic on Lloyd and The Imperial - both of which are located in the center of the city-state.

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