By Aleesia Forni and Christine Van Dusen
Virginia Beach, Va., May 17 - Singapore's GuocoLand Ltd. priced S$200 million of senior perpetual securities at par to yield 4.7%, according to a market source.
The notes were issued under the company's S$3 billion multicurrency medium-term note program.
The interest rate will be reset every three years.
Proceeds will be used for general working capital purposes.
The company was last in the market on May 3, selling S$125 million of seven-year notes at par to yield 4.1%.
GuocoLand is an investment holding company that focuses on real estate properties in Singapore, China, Malaysia and Vietnam.
| Issuer: | GuocoLand Ltd.
|
| Issue: | Senior perpetual securities
|
| Amount: | S$200 million
|
| Maturity: | Perpetual
|
| Coupon: | 4.7%
|
| Price: | Par
|
| Yield: | 4.7%
|
| Call features: | Callable in three years
|
| Trade date: | May 16
|
| Settlement date: | May 27
|
© 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.
