By Marisa Wong
Madison, Wis., Aug. 16 - Ascott Capital Pte. Ltd. issued S$300 million of 3.78% notes due Aug. 16, 2019 on Thursday, according to an announcement by parent company CapitaLand Ltd.
The notes were priced at par.
Oversea-Chinese Banking Corp. Ltd. is the lead manager and bookrunner.
The notes were issued under the company's S$1 billion multicurrency medium-term note program established in February 2007. The notes will be guaranteed by Ascott Ltd., another wholly owned subsidiary of CapitaLand.
Proceeds will be used to finance general working capital, capital expenditure and corporate requirements or to refinance existing borrowings.
The company plans to list the notes on the Singapore Exchange Securities Trading Ltd.
CapitaLand is a Singapore-based property developer.
Issuer: | Ascott Capital Pte. Ltd.
|
Issue: | Fixed-rate notes
|
Guarantor: | Ascott Ltd.
|
Amount: | S$300 million
|
Maturity: | Aug. 16, 2019
|
Bookrunner: | Oversea-Chinese Banking Corp. Ltd.
|
Coupon: | 3.78%
|
Price: | Par
|
Yield: | 3.78%
|
Settlement date: | Aug. 16
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.