By Marisa Wong
Madison, Wis., April 15 - Overseas Union Enterprise Ltd. said it issued S$300 million of 4.3% fixed-rate bonds due April 15, 2014.
Standard Chartered Bank is the arranger and manager for the bonds.
The 4.3% notes are the first series of notes issued under the company's previously announced S$1 billion multicurrency medium-term note program.
Proceeds will be used for general working capital and for refinancing existing bank borrowings.
The bonds are expected to be listed on the Singapore Stock Exchange on April 18.
Overseas Union is a Singapore-based company specializing in hospitality services, property investment and investment holding.
| Issuer: | Overseas Union Enterprise Ltd.
|
| Issue: | Fixed-rate bonds
|
| Amount: | S$300 million
|
| Maturity: | April 15, 2014
|
| Coupon: | 4.3%
|
| Bookrunner: | Standard Chartered Bank
|
| Announcement date: | April 4
|
| Settlement date: | April 15
|
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