By Marisa Wong
Madison, Wis., May 19 – Golden Agri-Resources Ltd. announced that its wholly owned subsidiary, Golden Assets International Investment Pte. Ltd., priced S$75 million more of 5˝% senior fixed-rate notes at 100.75 plus accrued interest from and including April 27.
The three-year notes will be consolidated and form a single series with the existing S$125 million of 5˝% series 2 notes issued on April 27.
Both tranches of series 2 notes are guaranteed by Golden Agri-Resources and are under the company’s $1.5 billion multicurrency medium-term note program established on April 4, 2014.
Oversea-Chinese Banking Corp. Ltd. is the lead manager and bookrunner for the second tranche of 5˝% notes. Credit Suisse (Singapore) Ltd., Mitsubishi UFJ Securities (Singapore), Ltd. and Oversea-Chinese Banking Corp. Ltd. were the joint lead managers and bookrunners for the first tranche.
Proceeds will be used for general corporate purposes, including repaying outstanding borrowings, and working capital.
The latest tranche is expected to be issued on May 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, series 2 tranche 2
|
| Amount: | S$75 million
|
| Maturity: | April 27, 2018
|
| Bookrunner: | Oversea-Chinese Banking Corp. Ltd.
|
| Coupon: | 5˝%
|
| Price: | 100.75 plus accrued interest from and including April 27
|
| Announcement date: | May 19
|
| Settlement date: | May 27
|
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