By Marisa Wong
Madison, Wis., Oct. 27 – Oxley Holdings Ltd. announced that it priced S$75 million of two-year notes on Monday.
The notes priced at par with a fixed coupon of 5.15%.
DBS Bank Ltd. is the lead manager and bookrunner for the series 2 notes.
The series 2 notes were issued under the company’s S$1 million multicurrency medium-term note program. The program was established with a S$300 million maximum issue size on May 6, 2013 and was upsized to S$500 million on Sept. 6, 2013 and to S$1 billion on Oct. 17.
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 2
|
| Amount: | S$75 million
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| Maturity: | Oct. 31, 2016
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| Coupon: | 5.15%
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| Price: | Par
|
| Yield: | 5.15%
|
| Bookrunner | DBS Bank Ltd.
|
| Pricing date: | Oct. 27
|
| Settlement date: | Oct. 31
|
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