By Marisa Wong
Madison, Wis., Feb. 21 - Oxley Holdings Ltd. announced it issued S$50 million of 5.1% notes on Friday. The three-year notes were issued under the company's S$500 million multicurrency medium-term note program established on Nov. 15 and will be consolidated and form a single series with the S$100 million of 5.1% notes issued on Dec. 5.
DBS Bank Ltd. was the lead manager and bookrunner for the series 1 tranche 2 notes.
The notes are putable if a change of shareholding event occurs.
Proceeds will be used for general corporate purposes, including refinancing of existing borrowings and financing of working capital and capital expenditures requirements.
The notes are expected to be listed on the Singapore Exchange Securities Trading Ltd. on Monday.
Oxley is a lifestyle-focused property developer in Singapore.
| Issuer: | Oxley Holdings Ltd.
|
| Issue: | Medium-term notes, series 1
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| Amount: | S$150 million (up from S$100 million)
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| Maturity: | Dec. 5, 2016
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| Coupon: | 5.1%
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| Bookrunner: | DBS Bank Ltd.
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| Settlement date: | Dec. 5 for S$100 million, Feb. 21 for S$50 million
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