By Christine Van Dusen
Atlanta, May 5 - Singapore's Gallant Venture Ltd. priced S$150 million notes due 2017 at par to yield 5.9% on Monday, according to a company announcement.
The notes were talked at a yield in the 6% area.
CIMB and Standard Chartered Bank were the bookrunners for the Regulation S deal.
The proceeds will be used to partially refinance existing syndicated term loans. CIMB and Standard Chartered are part of the syndicate.
The investment holding company is based in Singapore.
| Issuer: | Gallant Venture Ltd.
|
| Amount: | S$150 million
|
| Maturity: | 2017
|
| Description: | Notes
|
| Bookrunners: | CIMB, Standard Chartered Bank
|
| Coupon: | 5.9%
|
| Price: | Par
|
| Yield: | 5.9%
|
| Trade date: | May 5
|
| Settlement date: | May 12
|
| Distribution: | Regulation S
|
| Price talk: | 6% area
|
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