Koh Brothers seeks to swap 5.1% notes due 2022 for 6½% notes due 2026

By Marisa Wong

Los Angeles, Sept. 27 – Koh Brothers Group Ltd. is offering to exchange at least S$10 million and up to S$30 million of its S$70 million outstanding 5.1% notes due Oct. 27, 2022 for a like principal amount of new 6½% notes due April 17, 2026, according to a notice.

The company may choose to increase the maximum acceptance amount to up to S$40 million.

For each S$250,000 principal amount of existing notes, the company is offering an exchange consideration consisting of S$250,000 principal amount of new notes, a 0.5% exchange fee in cash and accrued interest.

The exchange offer expires at 10 p.m. ET on Oct. 10.

The new notes are expected to be issued on Oct. 18.

CIMB Bank Bhd., Singapore Branch (+65 6302 7657; sgb.dcm1@cimb.com) is the dealer manager, and Tricor Barbinder Share Registration Services (+65 6236 3550/3555; is.corporateactions@sg.tricorglobal.com) is the exchange agent.

Koh Brothers is a Singapore-based investment holding company that provides construction and engineering services.

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