By Marisa Wong
Morgantown, W.Va., March 21 – Breadtalk Group Ltd. said it priced S$75 million of 4.6% three-year notes at par.
Oversea-Chinese Banking Corp. Ltd. is the bookrunner.
The notes will be issued under the company’s S$250 million multicurrency medium-term note program.
Proceeds will be used for general corporate purposes, including refinancing existing borrowings and financing capital expenditure and general working capital.
The notes are expected to be issued on April 1.
Breadtalk is a Singapore-based bakery that operates a chain of retail outlets throughout Southeast Asia and in the Middle East.
| Issuer: | Breadtalk Group Ltd.
|
| Issue: | Medium-term notes
|
| Amount: | S$75 million
|
| Maturity: | April 1, 2019
|
| Coupon: | 4.6%
|
| Price: | Par
|
| Yield: | 4.6%
|
| Bookrunner: | Oversea-Chinese Banking Corp. Ltd. (lead manager and bookrunner) with Australia and New Zealand Banking Group Ltd. (manager)
|
| Announcement date: | March 21
|
| Settlement date: | April 1
|
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