GuocoLand’s wholly-owned subsidiary, GLL IHT, has priced $200 million worth of notes under its $3 billion multicurrency medium term note programme.
The notes will bear an interest rate of 3.307% per annum and interest on the notes will be payable semi-annually in arrear. The notes are set to mature on Nov 15, 2027.
The notes are set to be issued at an issue price of 100% of their principal amount and in denominations of $250,000
DBS Bank, Oversea-Chinese Banking Corporation Limited and United Overseas Bank U11 Limited have been appointed as joint lead managers and bookrunners for the offering of the notes.
The net proceeds from the issue of the notes are expected to go towards financing general working capital and corporate requirements of the group and its subsidiaries.
The notes are expected to be issued on or about Nov 15.
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Shares in GuocoLand F17 closed 8 cents lower, or 5.03% down, at $1.51 on Nov 5.
