By Christine Van Dusen
Atlanta, Oct. 2 – Singapore’s Tuan Sing Holdings Ltd. sold S$80 million five-year notes at par to yield 4˝% on Thursday, a market source said.
DBS and HSBC were the bookrunners for the transaction.
The proceeds will be used for property development and investment as well as for general corporate purposes, which include refinancing borrowings and financing investments and general working capital.
Based in Singapore, Tuan Sing’s businesses include property, hotel investment and industrial services.
| Issuer: | Tuan Sing Holdings Ltd.
|
| Amount: | S$80 million
|
| Maturity: | Oct. 14, 2019
|
| Description: | Notes
|
| Bookrunners: | DBS, HSBC
|
| Coupon: | 4˝%
|
| Price: | Par
|
| Yield: | 4˝%
|
| Trade date: | Oct. 2
|
| Settlement date: | Oct. 14
|
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