By Toni Weeks
San Luis Obispo, Calif., July 13 – Roxy-Pacific Holdings Ltd. announced that it priced S$60 million of 4˝% notes due 2018 under its S$500 million multicurrency debt issuance program.
The program, which was established on June 12, covers notes as well as perpetual securities.
Roxy-Pacific priced the series 1 notes at par on July 13. Settlement is expected July 20.
United Overseas Bank Ltd. is the sole lead manager and bookrunner.
Proceeds from securities issued under the program will be used for general corporate purposes, including refinancing existing borrowings, financing investments and financing working capital and capital expenditure requirements.
Roxy-Pacific is a Singapore-based specialty property and hospitality group.
| Issuer: | Roxy-Pacific Holdings Ltd.
|
| Issue: | Notes, series 1
|
| Amount: | S$60 million
|
| Maturity: | July 20, 2018
|
| Coupon: | 4˝%
|
| Price: | Par
|
| Yield: | 4˝%
|
| Bookrunner: | United Overseas Bank Ltd.
|
| Pricing date: | July 13
|
| Settlement date: | July 20
|
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