By Marisa Wong
Madison, Wis., Oct. 19 - Overseas Union Enterprise Ltd. said it has priced S$300 million of 3.36% secured fixed-rate bonds due Sept. 27, 2013.
Interest will be payable semiannually.
Standard Chartered Bank is the arranger and manager for the bonds.
Proceeds will be used toward prepayment of a facility.
The bonds are expected to settle on Wednesday and will be listed on the Singapore Stock Exchange on or about Thursday.
Overseas Union is a Singapore-based company specializing in hospitality services, property investment and investment holding.
| Issuer: | Overseas Union Enterprise Ltd.
|
| Issue: | Secured fixed-rate bonds
|
| Amount: | S$300 million
|
| Maturity: | Sept. 27, 2013
|
| Coupon: | 3.36%
|
| Bookrunner: | Standard Chartered Bank
|
| Announcement date: | Oct. 19
|
| Settlement date: | Oct. 20
|
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