Chicago, Feb. 19 – ESR Cayman Ltd. sold S$225 million of 5.1% five-year notes at par, according to an announcement.
Credit Suisse (Singapore) Ltd., DBS Bank Ltd. and United Overseas Bank Ltd. are joint bookrunners for the Regulation S offering.
The notes are being issued under the company’s $2 billion multicurrency debt issuance program.
Proceeds from the notes will be used to refinance existing borrowings, finance a potential acquisition and investment opportunities which the group may pursue in the future. Additionally, proceeds will be used for working capital requirements and general corporate purposes.
ESR operates as a logistics real estate developer based in Hong Kong.
| Issuer: | ESR Cayman Ltd.
|
| Issue: | Notes
|
| Amount: | S$225 million
|
| Maturity: | Feb. 26, 2025
|
| Bookrunners: | Credit Suisse (Singapore) Ltd., DBS Bank Ltd. and United Overseas Bank Ltd.
|
| Coupon: | 5.1%
|
| Price: | Par
|
| Yield: | 5.1%
|
| Issue date: | Feb. 19
|
| Distribution: | Regulation S
|
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