By Marisa Wong
Madison, Wis., March 25 - Vallianz Holdings Ltd. priced on Tuesday S$100 million of 7.2% fixed-rate notes under its S$500 million multicurrency debt issuance program established on March 20, according to a company announcement.
The two-year notes priced at par.
DBS Bank Ltd. is the lead manager and bookrunner.
Proceeds will be used for general corporate purposes, including refinancing borrowings and financing investments and capital expenditure requirements, as well as for general working capital.
Settlement is slated for April 1.
Vallianz is a marine vessel and equipment company based in Singapore.
| Issuer: | Vallianz Holdings Ltd.
|
| Issue: | Fixed-rate notes
|
| Amount: | S$100 million
|
| Maturity: | Two years
|
| Coupon: | 7.2%
|
| Price: | Par
|
| Yield: | 7.2%
|
| Bookrunner: | DBS Bank Ltd.
|
| Pricing date: | March 25
|
| Settlement date: | April 1
|
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