Singapore’s CW Group eyes further issuance under debt program

By Marisa Wong

Morgantown, W.Va., April 11 – CW Group Holdings Ltd. said it expects to conduct an issuance of notes in April.

This would be the second drawdown under its S$500 million multicurrency debt issuance program, which covers notes and perpetual securities. DBS Bank Ltd. is the dealer.

The first drawdown under the program, S$75 million of 7% notes due June 25, 2018, was issued in June 2015. Since then, the company has made partial repurchases of the first drawdown notes. As of April 11, there is S$55.25 million of the notes outstanding.

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

© 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.