By Lisa Kerner
Charlotte, Feb. 23 - Singapore Press Holdings Ltd. exercised the upsize option of its previously announced offer of S$300 million of fixed-rate notes due 2015 under a S$1 billion multicurrency medium-term note program, raising the size of the issue to S$600 million.
Oversea-Chinese Banking Corp. Ltd. is the dealer for the issue, a company news release said.
The notes will bear interest at a fixed interest rate of 2.81% and are expected to be issued on March 2.
As previously reported, proceeds will be used for financing the general working capital, capital expenditure and corporate requirements of the company including acquisitions and investments and for refinancing debt.
Singapore Press is a Singapore-based publishing company.
| Issuer: | Singapore Press Holdings Ltd.
|
| Security description: | Fixed-rate notes
|
| Amount: | S$600 million
|
| Maturity: | Five years
|
| Coupon: | 2.81%
|
| Price: | Par
|
| Dealer: | Oversea-Chinese Banking Corp. Ltd.
|
| Settlement date: | March 2
|
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