By Marisa Wong
Los Angeles, May 27 – Prime Asset Holdings Ltd. priced S$85 million of 1.63% senior secured notes due October 2024 at par on Thursday, according to a notice.
DBS Bank Ltd. is the lead manager and bookrunner.
The notes will be issued on June 3 under the company’s S$500 million secured multicurrency medium-term note program.
Proceeds will be used for asset enhancement works for the Parkway Parade shopping center and for general corporate and working capital requirements.
The shopping mall operator is based in Singapore.
| Issuer: | Prime Asset Holdings Ltd.
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| Issue: | Senior secured notes
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| Amount: | S$85 million
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| Maturity: | Oct. 24, 2024
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| Bookrunner: | DBS Bank Ltd.
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| Coupon: | 1.63%
|
| Price: | Par
|
| Yield: | 1.63%
|
| Pricing date: | May 27
|
| Settlement date: | June 3
|
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