By Marisa Wong
Madison, Wis., April 10 - Singapore's Gallant Venture Ltd. said it plans to issue S$175 million of 5.95% notes on April 21.
The two-year notes are priced at par.
DBS Bank Ltd. is the lead manager and bookrunner for the issue.
The notes will be issued under the company's $500 million euro medium-term note program established on Nov. 15.
Proceeds will be used to partially finance existing borrowings.
The investment holding company is based in Singapore.
| Issuer: | Gallant Venture Ltd.
|
| Issue: | Medium-term notes
|
| Amount: | S$175 million
|
| Maturity: | Two years
|
| Coupon: | 5.95%
|
| Price: | Par
|
| Yield: | 5.95%
|
| Bookrunner: | DBS Bank Ltd.
|
| Pricing date: | April 10
|
| Settlement date: | April 21
|
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