Singapore's Overseas Union to sell S$300 million 4.3% notes due 2014

By Marisa Wong

Madison, Wis., April 4 - Overseas Union Enterprise Ltd. announced it plans to issue S$300 million of 4.3% fixed-rate notes due April 15, 2014.

The 4.3% notes will be the first series of notes to be issued under the company's previously announced S$1 billion multicurrency medium-term note program.

Standard Chartered Bank is the lead manager and dealer for the notes.

The notes are expected to be issued on April 15.

Proceeds will be used for general working capital and for refinancing existing bank borrowings.

Overseas Union is a Singapore-based company specializing in hospitality services, property investment and investment holding.

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