By Marisa Wong
Morgantown, W.Va., March 17 – Lum Chang Holdings Ltd. said it priced S$50 million of 5˝% notes due 2019 at par.
The notes will be issued under the company’s S$300 million multicurrency medium-term note program established in March 2014.
CIMB Bank Bhd. is the bookrunner and lead manager.
Proceeds will be used for general corporate purposes, including refinancing of existing borrowings, financing of working capital and capital expenditure requirements.
The notes are expected to be issued on March 28.
Lum Chang is a Singapore construction company.
| Issuer: | Lum Chang Holdings Ltd.
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| Issue: | Fixed-rate notes
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| Amount: | S$50 million
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| Maturity: | March 28, 2019
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| Coupon: | 5˝%
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| Price: | Par
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| Yield: | 5˝%
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| Bookrunner: | CIMB Bank Bhd.
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| Announcement date: | March 17
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| Settlement date: | March 28
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