By Marisa Wong
Madison, Wis., May 28 - Banyan Tree Holdings Ltd. priced S$125 million of 4 7/8% fixed-rate notes due 2019 under its S$400 million multicurrency medium-term note program established on Oct. 18, 2007. The series 009 notes will be issued on June 3, according to a company announcement.
The series 009 notes had a final order book close to S$350 million, which increased the deal size to S$125 million, the company said.
The notes priced inside initial guidance of about 5%.
DMG & Partners Securities Pte. Ltd. and Hongkong and Shanghai Banking Corp. Ltd. are the joint lead managers and bookrunners, with HSBC acting also as global coordinator.
Proceeds will be used to finance general working capital, capital expenditure and investment requirements and refinancing needs.
Upon completion of the offering, the total notes outstanding under the MTN program will be S$295 million.
Banyan Tree is a Singapore-based manager and developer of premium resorts, hotels and spas in the Asia Pacific.
| Issuer: | Banyan Tree Holdings Ltd.
|
| Issue: | Medium-term fixed-rate notes, series 009
|
| Amount: | S$125 million
|
| Maturity: | 2019
|
| Coupon: | 4 7/8%
|
| Bookrunners: | DMG & Partners Securities Pte. Ltd. and Hongkong and Shanghai Banking Corp. Ltd.
|
| Announcement date: | May 28
|
| Settlement date: | June 3
|
| Initial guidance: | About 5%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
