By Marisa Wong
Madison, Wis., July 25 - Oxley Holdings Ltd. announced that it issued S$25 million of additional series 002 fixed-rate notes due 2018.
Oxley issued the original S$100 million of series 002 notes on July 11. The latest tranche priced on July 23.
The notes carry a coupon of 4¾% for the first three years and 6¾% after that.
The notes are callable on any interest payment date after three years.
The fixed-rate notes were issued under the company's S$300 million multicurrency medium-term note program established on May 6. The company issued S$150 million of 5.1% series 001 notes due 2017 on May 16.
United Overseas Bank Ltd. acted as dealer for both tranches of series 002 notes.
As noted before, proceeds will be used for general corporate purposes, including refinancing existing borrowings and financing working capital and capital expenditure requirements.
Oxley is a lifestyle-focused property developer in Singapore.
| Issuer: | Oxley Holdings Ltd.
|
| Issue: | Fixed-rate notes, series 002
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| Amount: | S$125 million, increased from S$100 million
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| Maturity: | July 11, 2018
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| Coupon: | 4¾% initially; 6¾% beginning July 11, 2016
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| Call option: | In whole on July 11, 2016 or any interest payment date after that
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| Dealer: | United Overseas Bank Ltd.
|
| Settlement date: | July 11 for S$100 million, July 25 for S$25 million
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