By Mary-Katherine Stinson
Lexington, Ky., July 20 – GuocoLand Ltd. said its wholly owned subsidiary, GLL IHT Pte. Ltd., priced S$100 million of 4.4% five-year notes at par, according to an announcement on Monday.
The Regulation S notes will be guaranteed by the parent company and issued under its S$3 billion multicurrency medium-term note program.
DBS Bank Ltd. and United Overseas Bank Ltd. are the joint lead managers and joint bookrunners for the offering.
Proceeds will be used for financing general working capital and corporate requirements of the company and its subsidiaries.
GuocoLand is an investment holding company that focuses on real estate properties in Singapore, China, Malaysia and Vietnam.
Issuer: | GLL IHT Pte. Ltd.
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Guarantor: | GuocoLand Ltd.
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Issue: | Notes
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Amount: | S$100 million
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Maturity: | July 27, 2028
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Bookrunners: | DBS Bank Ltd. and United Overseas Bank Ltd.
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Coupon: | 4.4%
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Price: | Par
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Yield: | 4.4%
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Call option: | Non-callable
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Announcement date: | July 20
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Issue date: | July 27
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Distribution: | Regulation S
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