Singapore’s Wing Tai wraps capped tender offers for three more series

By Susanna Moon

Chicago, May 30 – Wing Tai Holdings Ltd. announced the results of the tender offers for four series of notes.

As of Tuesday, Wing Tai has repurchased S$2.75 million principal amount of series 001 notes, S$6.25 million principal amount of series 002 notes, S$18.5 million principal amount of series 003 notes and S$20 million principal amount of series 004 notes, according to a company notice.

The company said on May 22 that it had extended tender offers for three series of the notes and closed the tender for the fourth series of notes after reaching the cap.

As previously announced, the company offered to purchase up to S$24 million of its series 001 4% notes due 2021, up to S$20 million of its series 002 4½% notes due 2022, up to S$20 million of its series 003 4¼% notes due 2023 and up to S$20 million of its series 004 4.7% notes due 2024.

The tender was extended to May 29 from May 22 upon the request of several noteholders.

DBS Bank Ltd. is the buyback agent.

Wing Tai Holdings is a Singapore-based property developer and lifestyle company.

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