By Marisa Wong
Madison, Wis., Jan. 17 - Hong Fok Corp. Ltd. said it priced S$100 million five-year notes at par to yield 4¾% on Thursday.
HSBC Ltd. and Oversea-Chinese Banking Corp. Ltd. are the joint lead managers.
This will be the first series of notes under the company's S$300 million multicurrency medium-term note program established in December.
Proceeds will be used for general corporate purposes, including refinancing existing borrowings and financing capital expenditures, investments and working capital.
Settlement is slated for Jan. 24.
Hong Fok is an investment of Hong Fok Group, a Singapore-based property investment and development company.
| Issuer: | Hong Fok Corp. Ltd.
|
| Issue: | Notes, series 001
|
| Amount: | S$100 million
|
| Maturity: | Jan. 24, 2018
|
| Bookrunners: | HSBC Ltd., Oversea-Chinese Banking Corp. Ltd.
|
| Coupon: | 4¾%, payable semiannually
|
| Price: | Par
|
| Yield: | 4¾%
|
| Pricing date: | Jan. 17
|
| Settlement date: | Jan. 24
|
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