By Marisa Wong
Madison, Wis., May 16 - Oxley Holdings Ltd. announced that it issued S$150 million of 5.1% series 1 notes due 2017 on Thursday.
The notes are callable after three years at 100.25.
The fixed-rate notes were issued under the company's S$300 million multicurrency medium-term note program established on May 6.
United Overseas Bank Ltd. acted as dealer for the series 1 notes.
Proceeds will be used for general corporate purposes, including refinancing existing borrowings and financing working capital and capital expenditure requirements.
Oxley is a lifestyle-focused property developer in Singapore.
| Issuer: | Oxley Holdings Ltd.
|
| Issue: | Fixed-rate notes, series 1
|
| Amount: | S$150 million
|
| Maturity: | May 16, 2017
|
| Coupon: | 5.1%
|
| Call option: | In whole on May 16, 2016 at 100.25
|
| Dealer: | United Overseas Bank Ltd.
|
| Settlement date: | May 16
|
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