By Marisa Wong
Morgantown, W.Va., Jan. 4 – Perennial Real Estate Holdings Ltd. priced S$120 million of three-year notes at par with a 3.9% 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.
DBS Bank Ltd. and Oversea-Chinese Banking Corp. Ltd. are the bookrunners.
Proceeds will be used for general corporate purposes, including refinancing existing borrowings and financing working capital, investments or capital expenditure.
The notes are expected to be issued on Jan. 12.
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
|
| Amount: | S$120 million
|
| Maturity: | Three years
|
| Bookrunners: | DBS Bank Ltd. and Oversea-Chinese Banking Corp. Ltd.
|
| Coupon: | 3.9%
|
| Price: | Par
|
| Yield: | 3.9%
|
| Announcement date: | Jan. 4
|
| Settlement date: | Jan. 12
|
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