By Christine Van Dusen
Atlanta, March 9 – Singapore’s Perennial Real Estate Holdings Ltd. priced S$100 million three-year notes at par to yield 4¼% on Monday, a market source said.
DBS Bank, United Overseas Bank and HSBC were the bookrunners for the Regulation S deal, which was issued by wholly owned subsidiary Perennial Treasury Pte. Ltd.
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.
Issuer: | Perennial Treasury Pte. Ltd.
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Amount: | S$100 million
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Maturity: | March 16, 2018
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Description: | Senior notes
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Bookrunners: | DBS Bank, United Overseas Bank, HSBC
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Coupon: | 4¼%
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Price: | Par
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Yield: | 4¼%
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Trade date: | March 9
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Settlement date: | March 16
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Distribution: | Regulation S
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