Singapore's Global Premium launches S$300 million multicurrency MTNs

By Marisa Wong

Madison, Wis., Aug. 21 - Global Premium Hotels Ltd. announced that it established a S$300 million multicurrency medium-term note program on Tuesday.

Oversea-Chinese Banking Corp. Ltd. is the arranger.

Proceeds from notes issued under the program will be used for general corporate purposes, including refinancing of borrowings, financing of investments and general working capital.

The Singapore company first proposed the MTN program in May.

Global Premium is a hotel developer and manager.

© 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.