Singapore's UOL establishes S$1 billion multicurrency note program

By Jennifer Chiou

New York, Nov. 3 – The board of directors of UOL Group Ltd. announced that UOL Treasury Services Pte. Ltd., the company’s wholly owned subsidiary, has established a S$1 billion multicurrency medium-term note program.

United Overseas Bank Ltd. is the arranger and dealer.

Under the program, the company may issue notes in Singapore dollars or any other agreed-upon currency in series or tranches.

Proceeds may be used for general corporate purposes, including debt refinancing, working capital and capital expenditure requirements.

The property development, property investment and property management company is based in Singapore.

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