By Marisa Wong
Madison, Wis., Feb. 1 - Overseas Union Enterprise Ltd. announced that it issued S$300 million of 4.95% fixed-rate notes due Feb. 1, 2017 on Wednesday.
Standard Chartered Bank is the lead manager and dealer.
The 4.95% notes were issued under the company's S$1 billion multicurrency medium-term note program established on Jan. 11, 2011. This is the third series of notes issued under the program. The previous two series totaled S$500 million.
Proceeds will be used for general corporate funding purposes, to refinance existing bank borrowings and for general working capital.
The notes are expected to be listed on the Singapore Stock Exchange on Feb. 2.
Overseas Union is a Singapore-based company specializing in hospitality services, property investment and investment holding.
| Issuer: | Overseas Union Enterprise Ltd.
|
| Issue: | Fixed-rate notes
|
| Amount: | S$300 million
|
| Maturity: | Feb. 1, 2017
|
| Coupon: | 4.95%
|
| Manager: | Standard Chartered Bank
|
| Settlement date: | Feb. 1
|
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