By Toni Weeks
San Luis Obispo, Calif., April 21 – Golden Agri-Resources Ltd. announced that its wholly owned subsidiary, Golden Assets International Investment Pte. Ltd., priced S$125 million of 5˝% senior unsecured fixed-rate notes. The three-year notes will be guaranteed by Golden Agri-Resources.
The notes will be issued under the $1.5 billion multicurrency medium-term note program established on April 4, 2014.
Credit Suisse (Singapore) Ltd., Mitsubishi UFJ Securities (Singapore), Ltd. and Oversea-Chinese Banking Corp. Ltd. are the joint lead managers and bookrunners.
Proceeds will be used for general corporate purposes, including repaying outstanding borrowings, and working capital.
The notes are expected to be issued on April 27.
Golden Agri-Resources is a Singapore-based palm oil plantation company.
| Issuer: | Golden Assets International Investment Pte. Ltd.
|
| Guarantor: | Golden Agri-Resources Ltd.
|
| Issue: | Fixed-rate medium-term notes
|
| Amount: | S$125 million
|
| Maturity: | April 27, 2018
|
| Bookrunners: | Credit Suisse (Singapore) Ltd., Mitsubishi UFJ Securities (Singapore), Ltd. and Oversea-Chinese Banking Corp. Ltd.
|
| Coupon: | 5˝%
|
| Announcement date: | April 21
|
| Settlement date: | April 27
|
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