By Marisa Wong
Morgantown, W.Va., June 27 – Perennial Real Estate Holdings Ltd. priced S$100 million of three-year notes at par with a 3.85% coupon, according to a notice.
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 to refinance existing borrowings and for general corporate or investment purposes.
The notes are expected to be issued on July 3.
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.
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| Issue: | Notes
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| Amount: | S$100 million
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| Maturity: | Three years
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| Coupon: | 3.85%
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| Price: | Par
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| Yield: | 3.85%
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| Bookrunner: | Oversea-Chinese Banking Corp. Ltd.
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| Announcement date: | June 27
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| Settlement date: | July 3
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