By Marisa Wong
Morgantown, W.Va., March 10 – Perennial Real Estate Holdings Ltd. announced it priced S$125 million of three-year notes at par with a 4.9% coupon.
The notes will be issued through wholly owned subsidiary Perennial Treasury Pte. Ltd. under its S$2 billion multicurrency debt issuance program.
Oversea-Chinese Banking Corp. Ltd. is the bookrunner.
Proceeds will be used for general corporate purposes, including refinancing of existing borrowings and financing of working capital, investments including mergers and acquisitions and/or capital expenditures.
The notes are expected to be issued on March 18.
Perennial is a Singapore-based owner, developer and manager of large scale mixed-use real estate developments in Singapore, China, Malaysia and Ghana.
| Issuer: | Perennial Treasury Pte. Ltd.
|
| Issue: | Notes
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| Amount: | S$125 million
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| Maturity: | Three years
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| Coupon: | 4.9%
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| Price: | Par
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| Yield: | 4.9%
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| Bookrunner: | Oversea-Chinese Banking Corp. Ltd.
|
| Announcement date: | March 10
|
| Settlement date: | March 18
|
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