By Marisa Wong
Madison, Wis., July 1 – SingHaiyi Group Ltd. said it priced S$100 million of 5¼% notes due 2017 under its S$500 million multicurrency debt issuance program on Tuesday.
The notes will be issued at par.
DBS Bank Ltd. and United Overseas Bank Ltd. are the joint lead managers and bookrunners for the series 1 notes.
The debt issuance program was established on June 9.
Settlement for the first tranche is slated for July 10.
Proceeds from the series 1 notes will be used for general corporate purposes, including refinancing borrowings and financing property developments, investments and acquisitions, and for general working capital.
The Singapore-based company specializes in property development, real estate investment, property trading and real estate management.
| Issuer: | SingHaiyi Group Ltd.
|
| Issue: | Notes, series 1
|
| Amount: | S$100 million
|
| Maturity: | Jan. 10, 2017
|
| Coupon: | 5¼%
|
| Price: | Par
|
| Yield: | 5¼%
|
| Bookrunners: | DBS Bank Ltd. and United Overseas Bank Ltd.
|
| Pricing date: | July 1
|
| Settlement date: | July 10
|
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