By Mary-Katherine Stinson
Lexington, Ky., Feb. 21 – Oxley MTN Pte. Ltd., a wholly owned subsidiary of Oxley Holdings Ltd., priced S$60.5 million 7˝% notes due Aug. 24, 2023, according to a notice.
The notes will be consolidated and form a single series with the S$44 million of new notes to be issued in exchange for existing notes, resulting in a total issuance amount of S$104.5 million.
The series 5 notes add-on priced on Monday 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, for working capital, for capital expenditure requirements and the group’s joint venture entities and associated entities.
Oxley is a property developer based in Singapore.
| Issuer: | Oxley MTN Pte. Ltd.
|
| Guarantor: | Oxley Holdings Ltd.
|
| Issue: | Notes (series 5)
|
| Amount: | S$60.5 million
|
| Maturity: | Aug. 24, 2023
|
| Bookrunners: | Credit Suisse (Singapore) Limited and DBS Bank Ltd.
|
| Coupon: | 7˝%
|
| Puts: | Upon change of control at par plus interest
|
| Pricing date: | Feb. 20
|
| Settlement date: | Feb. 24
|
| Total issue: | S$104.5 million, including S$44 million of new notes to be issued from exchange offer plus S$60.5 million of the additional new notes
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
