By Marisa Wong
Morgantown, W.Va., April 19 – Fragrance Group Ltd. announced it priced S$125 million of 6 1/8% three-year notes at par.
Credit Suisse (Singapore) Ltd. and Oversea-Chinese Banking Corp. Ltd. are the joint lead managers and bookrunners.
The notes are callable in whole at 103.063 after two years.
The notes were issued under the company’s S$1 billion multi-currency debt issuance program.
Proceeds will be used for general corporate purposes, including financing investments and general working capital.
Fragrance is a Singapore-based developer with two divisions: property and hotels.
| Issuer: | Fragrance Group Ltd.
|
| Issue: | Fixed-rate notes
|
| Amount: | S$125 million
|
| Maturity: | April 26, 2021
|
| Bookrunners: | Credit Suisse (Singapore) Ltd. and Oversea-Chinese Banking Corp. Ltd.
|
| Co-manager: | SAC Capital Pvt. Ltd.
|
| Coupon: | 6 7/8%
|
| Price: | Par
|
| Yield: | 6 7/8%
|
| Call option: | In whole at 103.063 after two years
|
| Announcement date: | April 19
|
| Settlement date: | April 26
|
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