Singapore’s Religare Health Trust sets up S$500 million MTN program

By Marisa Wong

Madison, Wis., Dec. 5 – Religare Health Trust established a S$500 million multicurrency medium-term note program on Friday, according to a company announcement.

DBS Bank Ltd. and Deutsche Bank AG, Singapore Branch are the arrangers and dealers of the program.

Proceeds will be used for general corporate purposes, including refinancing or repaying existing borrowings, financing acquisitions or investments and financing capital expenditures and general working capital.

The Singapore-based business trust is managed by Religare Health Trust Trustee Manager Pte. Ltd., which is a wholly owned subsidiary of Religare Enterprises Ltd., a financial services group based in New Delhi.

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