Two Singaporean CMBS deals priced last week. CapitaCommercial Trust (CCT) and CapitaMall Trust (CMT) - two real estate investment trusts established by property developer CapitaLand - closed a S$866 million ($552.6 million) issue put together by HSBC; while OCBC and Standard Chartered Bank jointly arranged the S$260 million offering by Frasers Centrepoint (FCL) (ASR, 09/11/06).

Sold via the Silver Oak SPV, CCT and CMT's transaction refinances a bridge loan that part-financed their S$2.2 billion acquisition of the Raffles City complex.

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