Singapore’s Perennial offering S$200 million four-year 4.55% bonds

By Wendy Van Sickle

Columbus, Ohio, April 19 – Perennial Real Estate Holdings Ltd. announced it is offering up to S$200 million of four-year bonds with a 4.55% coupon.

The sale may be increased up to S$300 million if it is oversubscribed, according to an announcement from the company.

DBS Bank Ltd. and United Overseas Bank Ltd. are the joint lead managers and bookrunners.

Some bonds from the public offer may be reallocated to institutional or other investors.

Additional details, including a timeline, will be announced later, the company said.

Perennial is a Singapore-based owner, developer and manager of large scale mixed-use real estate developments in Singapore, China, Malaysia and Ghana.

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