Singapore's WBL increases multicurrency note program by S$100 million

By Angela McDaniels

Tacoma, Wash., June 30 - WBL Corp. Ltd. increased the size of its multicurrency medium-term note program to S$300 million from S$200 million, according to a company news release.

Oversea-Chinese Banking Corp. Ltd. is the arranger of, and one of the dealers under, the program.

The proceeds of notes sold under the program will be used to refinance existing borrowings and for working capital requirements.

The company said it applied with the Singapore Exchange Securities Trading Ltd. to list any notes issued under the program.

WBL is a Singapore-based investment holding company.

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