Singapore's Kim Eng may now sell S$800 million notes under program

By Susanna Moon

Chicago, June 18 - Kim Eng Holdings Ltd. and its wholly owned subsidiary Kim Eng Securities Pte. Ltd. increased the size of its multicurrency medium-term note program to S$800 million, according to a press release.

The S$300 million program was established on Nov. 22, 2006 and arranged by Standard Chartered Bank.

Proceeds will be used to refinance debt or for working capital.

The companies received approval in principle from the Singapore Exchange Securities Trading Ltd. for the upsizing.

Kim Eng is a Singapore-based financial services company.

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