Correction: Singapore's United Engineers prices S$150 million 4.2% notes due 2017 at par

A story in the Jan. 12 edition of the Prospect News Emerging Markets Daily incorrectly stated the size of United Engineers' issue of notes. A corrected version of the story follows:

By Christine Van Dusen

Atlanta, Jan. 11 - Singapore's United Engineers Ltd. priced a S$150 million issue of notes due Jan. 26, 2017 at par to yield 4.2%, a market source said.

HSBC and OCBC were the bookrunners for the deal.

Proceeds will be used for refinancing existing borrowings, funding property development projects, strategic investments and general corporate purposes.

United Engineers is a Singapore-based engineering company.

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