CW Group sets up S$500 million multi-currency debt issuance program

New York, June 2 – CW Group Holdings Ltd. said it has established a S$500 million multi-currency debt issuance program.

The company, along with subsidiaries CW Advanced Technologies Ltd. and CW Advanced Technologies Pte. Ltd., will be able to issue notes and perpetual securities in Singapore dollars or other currencies, according to a notice from the company.

DBS Bank Ltd. was named as sole arranger and dealer for the program.

Proceeds will be used for general corporate purposes.

CW Group is a Singapore-based provider of precision engineering solutions and manufacturer of machine tools. Its production facilities are in China.

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