By Marisa Wong
Morgantown, W.Va., April 27 – Heeton Holdings Ltd. said it priced S$75 million of three-year notes at par with a coupon of 6.1%.
The series 003 notes will be issued under the company’s S$300 million multicurrency debt issuance program.
Oversea-Chinese Banking Corp. Ltd. is the lead manager and bookrunner.
Proceeds will be used to refinance existing debt and for general working capital.
Heeton is a Singapore property development and property investment company.
| Issuer: | Heeton Holdings Ltd.
|
| Issue: | Fixed-rate notes, series 003
|
| Amount: | S$75 million
|
| Maturity: | May 8, 2020
|
| Coupon: | 6.1%
|
| Price: | Par
|
| Yield: | 6.1%
|
| Bookrunner: | Oversea-Chinese Banking Corp. Ltd.
|
| Put option: | Upon change of shareholding event
|
| Pricing date: | April 27
|
| Settlement date: | May 8
|
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