By Marisa Wong
Los Angeles, Jan. 15 – Singapore Press Holdings Ltd. priced S$500 million of 3.2% notes due 2030 at par, according to a notice.
The notes will be issued under the company’s S$1 billion multicurrency debt issuance program.
DBS Bank Ltd., Oversea-Chinese Banking Corp. Ltd. and United Overseas Bank Ltd. are joint lead managers and bookrunners for the Regulation S offering.
The Singapore-based publishing company plans to use proceeds for financing general working capital, capital expenditure and corporate requirements, as well as to refinance existing borrowings.
Issuer: | Singapore Press Holdings Ltd.
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Issue: | Notes
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Amount: | S$500 million
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Maturity: | Jan. 22, 2030
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Bookrunners: | DBS Bank Ltd., Oversea-Chinese Banking Corp. Ltd. and United Overseas Bank Ltd.
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Coupon: | 3.2%
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Price: | Par
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Yield: | 3.2%
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Call option: | In whole or in part at any time at make-whole amount
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Pricing date: | Jan. 15
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Settlement date: | Jan. 22
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Distribution: | Regulation S
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