By Marisa Wong
Madison, Wis., Sept. 29 - Overseas Union Enterprise Ltd. said it issued S$200 million of 3.95% fixed-rate bonds due Sept. 29, 2015.
Standard Chartered Bank is the lead manager and dealer for the bonds.
The 3.95% bonds make up the second series of paper issued under the company's previously announced S$1 billion multicurrency medium-term note program.
Proceeds will be used for general corporate funding purposes, refinancing existing bank borrowings and for general working capital.
The bonds are expected to be listed on the Singapore Stock Exchange on Sept. 30.
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$200 million
|
| Maturity: | Sept. 29, 2015
|
| Coupon: | 3.95%
|
| Bookrunner: | Standard Chartered Bank
|
| Settlement date: | Sept. 29
|
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