By Marisa Wong
Madison, Wis., April 10 - Singapore's Overseas Education Ltd. said it will issue S$150 million of 5.2% bonds on April 17.
United Overseas Bank Ltd. will act as lead manager.
The five-year bonds are priced at par.
The bonds include a change-of-control put option.
Proceeds will be used for building a new school campus.
Overseas Education is the holding company of Overseas Family School Ltd., which operates private foreign system school Overseas Family School in Singapore.
| Issuer: | Overseas Education Ltd.
|
| Issue: | Bonds
|
| Amount: | S$150 million
|
| Maturity: | April 17, 2019
|
| Coupon: | 5.2%
|
| Price: | Par
|
| Yield: | 5.2%
|
| Put option: | At 101 upon change of control
|
| Manager: | United Overseas Bank Ltd.
|
| Pricing date: | April 10
|
| Settlement date: | April 17
|
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