By Marisa Wong
Morgantown, W.Va., Aug. 20 – Singapore’s Perennial Real Estate Holdings Ltd. priced S$170 million of two-year notes at par with a 5.95% coupon, according to a notice.
The notes will be issued under the company’s S$2 billion multicurrency debt issuance program.
DBS Bank Ltd., Oversea-Chinese Banking Corp. Ltd. and United Overseas Bank Ltd. are the bookrunners.
Proceeds will be used to refinance existing borrowings.
The notes are expected to be issued on Aug. 28.
Perennial is an owner, developer and manager of large scale mixed-use real estate developments in Singapore, China, Malaysia and Ghana.
| Issuer: | Perennial Real Estate Holdings Ltd.
|
| Issue: | Notes
|
| Amount: | S$170 million
|
| Maturity: | Two years
|
| Bookrunners: | DBS Bank Ltd., Oversea-Chinese Banking Corp. Ltd. and United Overseas Bank Ltd.
|
| Coupon: | 5.95%
|
| Price: | Par
|
| Yield: | 5.95%
|
| Announcement date: | Aug. 20
|
| Settlement date: | Aug. 28
|
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