Singapore’s Envirotech ups notes program to $500 million, on roadshow

By Christine Van Dusen

Atlanta, April 20 – Singapore’s United Envirotech Ltd. has increased the amount for its medium-term note program to $500 million from $300 million, a market source said.

Standard Chartered Bank is the arranger and dealer for the program, which is being marketed during a roadshow on Monday in Singapore and Tuesday in Hong Kong.

In June, the company announced plans to issue notes in any currency, including Singapore dollars, U.S. dollars and renminbi.

Proceeds will be used to refinance existing borrowings, for investments and acquisitions and for general working capital and corporate purposes.

The Singapore-based environmental solutions company focuses on water and wastewater treatment.

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