Singapore’s Perennial sets up S$2 billion multicurrency debt program

By Marisa Wong

Madison, Wis., Jan. 22 – Perennial Real Estate Holdings Ltd. established a S$2 billion multicurrency debt issuance program on Thursday, according to a company announcement.

DBS Bank Ltd. and United Overseas Bank Ltd. are the arrangers and dealers for the debt program.

Perennial and wholly owned subsidiary Perennial Treasury Pte. Ltd. will be the issuers under the program.

Proceeds will be used for general corporate purposes, including refinancing of existing borrowings, financing of working capital, investments and capital expenditure requirements.

The real estate developer is based in Singapore.

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