Singapore’s Amara sets up S$500 million multicurrency debt program

By Marisa Wong

Madison, Wis., April 30 – Amara Holdings Ltd. said it has established a S$500 million multicurrency debt issuance program.

The program includes notes and perpetual securities.

DBS Bank Ltd. and United Overseas Bank Ltd. are arrangers and dealers under the program.

Proceeds will be used for general corporate purposes, which may include investments, repayment of existing borrowings and general working capital or capital expenditure requirements.

Amara is a Singapore investment holding company.

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