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Published on 2/13/2020 in the Prospect News Emerging Markets Daily.

New Issue: Singapore’s First Sponsor prices S$100 million 3.29% five-year notes

By Marisa Wong

Los Angeles, Feb. 13 – First Sponsor Group. Ltd. announced it priced S$100 million of 3.29% five-year notes at par.

DBS Bank Ltd. is the dealer for the notes.

The notes will be issued under the company’s S$1 billion multicurrency debt issuance program established on May 15, 2015.

Proceeds will be used for general corporate purposes, including refinancing borrowings and financing investments and general working capital.

The investment holding company is based in Singapore.

Issuer:First Sponsor Group. Ltd.
Issue:Notes
Amount:S$100 million
Maturity:Five years
Dealer:DBS Bank Ltd.
Coupon:3.29%
Price:Par
Yield:3.29%
Put option:At par upon change of control
Pricing date:Feb. 13
Settlement date:Feb. 20

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