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Singapore eDevelopment to raise up to US$10 mil with bonds issue

Benjamin Cher Published on Tue, Nov 15, 2016 / 8:26 AM GMT+8

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SINGAPORE (Nov 15): Singapore eDevelopment is proposing to issue corporate bonds to raise up to US$10 million ($14.1 million) for the Black Oak Project in Houston, Texas.

Each bond will be priced at US$500,000 with an annual interest rate of 8% payable quarterly and are non-convertible.

The subscriber will have to be classified as a professional investor and approved by the boards of SeD Home and SeD Home Inc.

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