By Marisa Wong
Madison, Wis., June 8 – Keong Hong Holdings Ltd. said it priced S$50 million of 6% three-year notes at par.
The notes will be issued under the company’s S$150 million multicurrency medium-term note program established on April 17.
Hongkong and Shanghai Banking Corp. Ltd. is the bookrunner and lead manager for the series 1 notes.
The notes are expected to be issued on June 15.
Proceeds will be used for general corporate purposes, including refinancing existing borrowings, financing investments and acquisitions, capital expenditure requirements and general working capital.
The construction company is based in Singapore.
| Issuer: | Keong Hong Holdings Ltd.
|
| Issue: | Medium-term notes, series 1
|
| Amount: | S$50 million
|
| Maturity: | June 15, 2018
|
| Bookrunner: | Hongkong and Shanghai Banking Corp. Ltd.
|
| Coupon: | 6%
|
| Price: | Par
|
| Yield: | 6%
|
| Settlement date: | June 15
|
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