By Rebecca Melvin
Concord, N.H., July 2 – Oxley MTN Pte. Ltd., a wholly owned subsidiary of Oxley Holdings Ltd., priced S$70 million 6.9% three-year notes, according to a notice.
The series 4 notes priced on Wednesday under the company’s $1 billion guaranteed euro medium-term note program.
The notes have a change-of-control put at par plus accrued interest.
Credit Suisse (Singapore) Ltd. and DBS Bank Ltd. are the joint bookrunners.
The proceeds will be used for general corporate purposes, including refinancing borrowings, working capital and capital expenditure requirements.
Oxley is a property developer based in Singapore.
| Issuer: | Oxley MTN Pte. Ltd.
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| Guarantor: | Oxley Holdings Ltd.
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| Issue: | Notes (series 4)
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| Amount: | S$70 million
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| Maturity: | July 8, 2024
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| Bookrunners: | Credit Suisse (Singapore) Ltd. and DBS Bank Ltd.
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| Coupon: | 6.9%
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| Puts: | Upon change of control at par plus interest
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| Pricing date: | June 30
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| Settlement date: | July 8
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