By Susanna Moon
Chicago, Oct. 26 – Oxley Holdings Ltd. said wholly owned subsidiary Oxley MTN Pte. Ltd. plans to issue up to S$125 million of 5% four-year retail bonds.
The issue will consist of up to S$100 million of notes in the public offer and up to S$25 million of notes in a placement tranche for institutional, private banking and other investors, according to a company notice.
If oversubscribed, the offering may be upsized to a total amount of S$300 million.
The offer will run from Oct. 27 to Nov. 3.
DBS Bank Ltd. is the lead manager and bookrunner.
Proceeds will be used for the general corporate purposes and for working capital and capital expenditure requirements.
The minimum investment will be S$2,000 per application under the public offer and S$100,000 per application under the placement.
The bonds are expected to begin trading on the Singapore Exchange Securities Trading Ltd. on Nov. 6.
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: | Retail bonds
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| Amount: | S$125 million
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| Maturity: | Four years
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| Coupon: | 5%
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| Bookrunner | DBS Bank Ltd.
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| Announcement date: | Oct. 26
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| Settlement date: | Nov. 5
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