By Marisa Wong
Morgantown, W.Va., Aug. 23 – Perennial Real Estate Holdings Ltd. priced S$10 million of additional 5.95% notes due 2020 on Thursday, according to a notice.
The additional notes will be consolidated and form a single series with the S$170 million of 5.95% two-year notes priced on Monday.
This brings the total principal amount of the series 005 notes to S$180 million. 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, as previously noted.
The series 005 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, series 005
|
| Amount: | S$180 million (increased from S$170 million)
|
| Maturity: | August 2020
|
| Bookrunners: | DBS Bank Ltd., Oversea-Chinese Banking Corp. Ltd. and United Overseas Bank Ltd.
|
| Coupon: | 5.95%
|
| Price: | Par
|
| Yield: | 5.95%
|
| Pricing date: | Aug. 20 for S$170 million, Aug. 23 for S$10 million
|
| Settlement date: | Aug. 28
|
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