Singapore’s Wing Tai extends tender offers for three series of notes

By Angela McDaniels

Tacoma, Wash., May 22 – Wing Tai Holdings Ltd. extended tender offers for three series of notes and closed the tender offer for a fourth series of notes, according to a company news release.

The company offered to purchase up to S$24 million of its series 001 4% notes due 2021, up to S$20 million of its series 002 4½% notes due 2022, up to S$20 million of its series 003 4¼% notes due 2023 and up to S$20 million of its series 004 4.7% notes due 2024.

The amount of 4.7% notes tendered has reached the S$20 million cap, and so the company will not repurchase any further 4.7% notes under the tender offer.

After considering the requests of several noteholders, the company agreed to extend the tender offers for the remaining notes to May 29 from May 22.

DBS Bank Ltd. is acting as buyback agent.

Wing Tai Holdings is a Singapore-based property developer and lifestyle company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.