By Marisa Wong
Los Angeles, Aug. 12 – Keong Hong Holdings Ltd. said it priced S$14.25 million of additional 6¼% series 3 notes due 2023 at par.
The add-on notes will be fungible and consolidated with the notes being issued under the previously announced exchange offer for Keong Hong’s 5¾% notes due 2021.
Hongkong and Shanghai Banking Corp. Ltd., Singapore Branch is the lead manager and bookrunner for the add-on issue.
The notes will be issued under the company’s S$200 million multicurrency medium-term note program.
Settlement is expected to occur on Aug. 19, concurrently with settlement of the exchange offer.
Keong Hong is a construction company based in Singapore.
| Issuer: | Keong Hong Holdings Ltd.
|
| Issue: | Medium-term notes, series 3, add-on
|
| Amount: | S$14.25 million
|
| Maturity: | Aug. 19, 2023
|
| Bookrunner: | Hongkong and Shanghai Banking Corp. Ltd., Singapore Branch
|
| Coupon: | 6¼%
|
| Price: | Par
|
| Yield: | 6¼%
|
| Settlement date: | Aug. 19
|
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