SingHaiyi establishes S$500 million multicurrency debt program

By Jennifer Chiou

New York, June 9 – SingHaiyi Group Ltd. announce that it has established a S$500 million multicurrency debt issuance program with DBS Bank Ltd. and United Overseas Bank Ltd. as arrangers and dealers.

According to a filing with the Singapore Stock Exchange, the company may issue notes and senior or subordinated perpetual securities denominated in any currency agreed upon between the company and dealer.

Proceeds will be used for general corporate purposes, including refinancing of borrowings and financing property developments, investments, acquisitions and general working capital.

The Singapore-based company specializes in property development, real estate investment, property trading and real estate management.

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