By Wendy Van Sickle
Columbus, Ohio, Sept. 23 – Oxley MTN Pte. Ltd., a wholly owned subsidiary of Oxley Holdings Ltd., priced S$85 million of additional 6.9% notes due July 8, 2024, according to a notice.
The notes will be consolidated and form a single series with the S$70 million of notes that were issued on July 8, resulting in a total issuance amount of S$155 million.
The series 4 notes add-on priced on Wednesday under the company’s $1 billion guaranteed euro medium-term note program.
The notes have a change-of-control put at par plus accrued interest.
Credit Suisse (Singapore) Ltd. and DBS Bank Ltd. are the joint bookrunners.
The proceeds will be used for general corporate purposes, including refinancing borrowings, for working capital and for capital expenditure requirements.
Oxley is a property developer based in Singapore.
Issuer: | Oxley MTN Pte. Ltd.
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Guarantor: | Oxley Holdings Ltd.
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Issue: | Notes (series 4)
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Amount: | S$85 million add-on
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Maturity: | July 8, 2024
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Bookrunners: | Credit Suisse (Singapore) Ltd. and DBS Bank Ltd.
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Coupon: | 6.9%
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Puts: | Upon change of control at par plus interest
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Pricing date: | Sept. 23
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Settlement date: | Sept. 30
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Total issue: | S$155 million, including S$70 million issued on July 8
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