Singapore’s Koh Brothers tenders for S$50 million 4.8% notes due 2018

By Susanna Moon

Chicago, Aug. 23 – Singapore’s Koh Brothers Group Ltd. is tendering for its S$50 million of 4.8% notes due 2018 until 5:30 a.m. ET on Sept. 6.

The purchase price will be par of S$250,000 plus accrued interest up to but excluding the settlement date of Sept. 11.

The tender offer began at 9 p.m. ET on Aug. 22.

The offer is begin made as part of the company’s “continuing capital and liability management initiatives to optimize its debt capital structure,” according to a company announcement.

The company said it will use surplus cash to finance the offer, which will reduce its short-term debt.

DBS Bank Ltd. (+65 6222 4261, fax +65 6225 7464 or liabilitymanagement@dbs.com) is the dealer manager. Tricor Singapore Pte. Ltd. (+65 6236 3550/3555 or is.corporateactions@sg.tricorglobal.com), trading as Tricor Barbinder Share Registration Services, is the tender agent.

Koh Brothers is a Singapore-based investment holding company that provides management services.

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