Singapore’s Koh Brothers accepts S$13 million tendered 4.8% notes

By Marisa Wong

Morgantown, W.Va., Sept. 6 – Singapore’s Koh Brothers Group Ltd. said it has accepted for purchase S$13 million of 4.8% notes due 2018 tendered under its previously announced tender offer.

The cash tender offer for the company’s S$50 million of 4.8% notes began at 9 p.m. ET on Aug. 22 and expired at 5:30 a.m. ET on Sept. 6.

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

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.