Two commercial mortgage-backed offerings out of Singapore were set to price as of press time. CapitaCommercial Trust (CCT) and CapitaMall Trust (CMT) - the real estate investment trusts managed by Singaporean property developer and the city-state's most active securitizer, CapitaLand - will jointly issue a S$866 million ($552.6 million) multi-currency deal to part-finance the S$2.2 billion acquisition of the Raffles City Complex.

Simultaneously, Frasers Centrepoint (FCL) will sell a S$260 million CMBS to refinance a term loan used to fund the purchase of three local shopping malls.

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