By Susanna Moon
Chicago, Sept. 11 - Perennial China Retail Trust Management Pte. Ltd. said it priced S$130 million of 6 3/8% notes due 2015 under its S$500 million multicurrency medium-term note program established on Jan. 20.
The notes will be guaranteed by Perennial China Retail Pte. Ltd., a wholly owned subsidiary of the issuer.
DBS Bank Ltd., Standard Chartered Bank and United Overseas Bank Ltd. are the lead managers and bookrunners.
Settlement will occur on Sept. 21.
Proceeds will be used for the purpose of financing the acquisitions or investments and for general working capital purposes.
The company applied to list the notes on the Singapore Exchange Securities Trading Ltd.
The issuer is a Singapore-based retail development trust.
| Issuer: | Perennial China Retail Trust Management Pte. Ltd.
|
| Issue: | Notes
|
| Amount: | S$130 million
|
| Maturity: | 2015
|
| Coupon: | 6 3/8%
|
| Price: | Par
|
| Bookrunners: | DBS Bank Ltd., Standard Chartered Bank and United Overseas Bank Ltd.
|
| Managers: | DBS Bank Ltd., Goldman Sachs (Singapore) Pte., Standard Chartered Securities (Singapore) Pte. Ltd, and Citigroup Global Markets Singapore Pte. Ltd. (joint global coordinators, bookrunners, issue managers and underwriters)
|
| Pricing date: | Sept. 11
|
| Settlement date: | Sept. 21
|
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